Doing more with less will also likely slow down the SEC’s workflow, sources said. “It is just a truism that a smaller staff can do fewer things and so there may be longer lines (for) exemptions, there may be a longer period to get no-action requests, but that will depend on how Atkins, frankly, wants to staff his agency,” Dial…
“Penalties — remedies in general, but penalties included — are an area where I do think it’s likely we’ll see changes,” Sam Waldon, acting director of the SEC’s enforcement division, said at an industry conference in Austin Monday. Penalties won’t be lower in every case, but the SEC’s process to determine punishments will be different, he said. “With this commission,…
Digital assets do not cleanly fit into either the “security” or “commodity” bucket. They are something entirely new. But the distinction between securities and commodities matters under the law because the SEC regulates securities and the CFTC regulates products that include commodities. Congress is considering new legislation that resembles last year’s FIT21 bill. That legislation will move past the outmoded…