Regulation
No Anti-Crypto Program at SEC, Former Staff Attorney Confirms
Ladan Stewart, former head of cryptocurrency enforcement at the United States Securities and Exchange Commission (SEC), recently clarified the agency’s stance on cryptocurrencies, stating that he does not there was no anti-crypto program.
Stewart, who worked for the SEC’s Enforcement Division for more than eight years, shared his experiences and understanding of the commission’s approach to policing this rapidly evolving industry.
While working with the firm, Stewart led the specialized crypto trials unit, which handled high-profile cases against large entities such as Ripple and Coinbase. She emphasized that the SEC is technology neutral and faces only one challenge, which is investor protection. The central point, as Stewart claims, revolves around the fact that investors should be given appropriate information about the risks of crypto investments.
SEC Crypto Regulations Aimed to Protect Investors
Stewart emphasized that the SEC’s regulatory actions were not intended to stifle innovation but were intended to make the investment environment safer. By enforcing compliance and ensuring transparency, the SECOND aims to protect investors from the inherent risks that dominate the cryptocurrency market.
The former SEC lawyer stressed that the regulatory framework must be clear and comprehensive and support both growth and security.
The debate has often been overtaken by fears that harsh measures could drive innovation out of the United States. However, Stewart believes that the SEC’s disclosures are intended to stimulate the market and protect the investor. Additionally, she highlighted the importance of ongoing dialogue and cooperation between regulators and the crypto community, which helps address and sort regulatory tensions.
Transition to the private sector to fill gaps
After her tenure at the SEC, Stewart entered private practice and became a partner at White & Case LLP. In her new role, she is dedicated to leading crypto companies through the intricacies of US laws.
Its objective is to help these companies find a balance between innovative growth and compliance with legal standards. Stewart’s move to the private sector demonstrates his continued belief in the possible benefits of blockchain technology and his determination to contribute to its integration into the financial market.
During discussions about the future of crypto regulationStewart highlighted the importance of guiding balanced enforcement actions applied to both token issuers and intermediaries, such as exchanges.
This method also ensures a broader influence on market practices, and many aspects of the industry are addressed at the same time. His insights reveal an evolution in enforcement strategies, moving from a focus solely on issuers to including major trading platforms, which play a central role in the crypto ecosystem.
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