SEC Commissioner pitches safe space for digital securities experiment
Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats.
Securities and Exchange Commissioner Commissioner Hester Pierce recently published a letter pitching a cross-border sandbox program between U.S and U.K. blockchain firms experimenting with tokenized securities.
Pierce’s letter follows a joint proposal from the Bank of England (BOE) and the U.K.’s Financial Conduct Authority (FCA) to create a safe space for blockchain companies in the U.K. to test real-world implementation of tokenized securities issuance and trading without fear of reprisals from state regulators.
During a recent panel at Consensus 2024, Pierce explained the benefits of conducting a cross-border collaboration for tokenized asset exploration. Cointelegraph’s Turner Wright provided this statement from Pierce:
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Author: Vince Quill
