SEC Commissioner Proposes Cross-Border Sandbox for Crypto and Tokenized Assets
2025-07-19 11:41:38
Main Idea
SEC Commissioner Hester Peirce proposes a cross-border sandbox between the U.S. and U.K. to foster blockchain innovation and regulatory clarity for crypto and tokenized projects.
Key Points
1. Hester Peirce suggests a flexible U.S. micro-innovation sandbox that aligns with the U.K.'s framework to allow firms to test projects under regulatory oversight.
2. The proposal aims to provide clarity for projects currently facing regulatory ambiguity and encourage blockchain experimentation.
3. Peirce emphasizes the importance of ensuring participation is accessible and building interoperability early to avoid costly adjustments later.
4. The SEC's Crypto Task Force could coordinate with U.K. regulators to implement this cross-border initiative.
5. The initiative seeks to remove compliance roadblocks and foster cooperation between the U.S. and U.K. in blockchain innovation.
Description
Crypto regulation is on the brink of transformation as U.S. and U.K. leaders push to align on digital asset sandboxes that could reignite blockchain innovation and remove compliance roadblocks. SEC’s Peirce Calls for US-UK Crypto Sandbox Alliance to Unleash Digital Asset Innovation U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated on July 16
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