Regulation
No plans to kill crypto
Ladan Stewart, a former key figure at the United States Securities and Exchange Commission (SEC), has publicly refuted claims suggesting a government agenda against crypto.
She emphasizes that the regulator’s actions were never intended to stifle innovation in the nascent industry.
Cryptos will not be eliminated in the United States
Stewart, now a partner at White & Case LLP, explain that during his tenure at the SEC, his primary focus was litigating high-profile cases such as those against Ripple And Coinbase. She stressed that the agency’s approach has always been technologically neutral.
Therefore, it clarified widespread speculation about a deliberate crackdown that the SEC has imposed on crypto companies.
“The SEC is not trying to kill crypto. Our primary concern has always been ensuring investor protection and compliance within the industry,” Stewart said.
His comments come at a time when industry executives have expressed concerns about strict crypto regulatory measures could potentially drive innovation out of the United States.
According to Stewart, industry compliance with regulations designed to protect investors is essential. The SEC’s efforts continually ensure that investors have all the detailed information. While the The SEC will continue to enforce compliancethere is no conspiracy to dismantle the crypto industry.
Instead, the focus is on promoting a safe and compliant environment for investors. Which, in turn, supports the healthy growth of the sector.
Learn more: Crypto regulation: what are the advantages and disadvantages?
Global Crypto Regulations. Source: Statist
According to her, an open dialogue and cooperation between regulators and the crypto community are essential to resolving persistent tensions. Stewart’s ideas highlight an important shift in regulatory strategies, focusing on education and compliance rather than restriction.
As someone who transitioned from a government role to a private legal practice, Stewart aims to bridge the gap between the crypto industry and regulatory frameworks. His new role involves guiding crypto companies through the complex US regulatory landscape, striving to find a balance that respects innovation and legal compliance.
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