Ian Corp, an attorney with the firm’s commercial litigation and dispute resolution group, was recently quoted in an article on the U.S. Securities and Exchange Commission’s (SEC) plan for an Office of Crypto Assets, under the Division of Corporation Finance’s Disclosure Review Program (DRP).
The Office of Crypto Assets will scrutinize all documents submitted by crypto firms in an effort to regulate the digital asset industry.
Commenting on the introduction of the Office of Crypto assets, Ian explained how the SEC regulates by enforcement instead of transparent rulemaking. “Rather than advising which tokens and organizations are subject to SEC law, the agency is flagging intention to scan incoming filings for compliance mishaps to make an example of easy-to-target projects,” said Corp.
To read the Blockworks article in full, click here.