SEC’s Regulatory Framework Fails to Manage Crypto Projects

A House Committee hearing on April 9th revealed a concerning lack of success for crypto projects seeking registration with the SEC. Special counsel Rodrigo Seira, from Cooley LLP, stated that, ‘It is clear that the current securities regulatory framework is not a viable option to regulate crypto.’ He further emphasized that no crypto project has been able to register successfully and survive the scrutiny of the SEC’s regulations. These challenges stem from the complexity and significant financial burdens associated with compliance.