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Crypto mom wants a safe harbor for token offerings

Crypto Mom SEC token offerings

On a Convergence Forum held at the Singapore University of Social Sciences, a United States Securities and Exchanges Commission representative, Hester Peirce aka the Crypto mom mentioned that several tokens would greatly benefit from a safe harbor to conduct unopposed token offerings.

According to Peirce, making the markets international has much better priority than making the regulation international which is a clear jab at the FATF guidelines that several countries have been implementing in their crypto regulations.

Peirce also mentioned that introducing a safe haven for token offerings is definitely on her agenda, and will be working on it once the opportunity shows itself. It’s likely that one of the US states will be used as a sandbox for implementing such a project, but as already mentioned, an opportunity needs to present itself first.

This statement of Peirce comes right after the SEC head of the cyber unit Robert Cohen announced his resignation from his post.

Although this is not a direct confirmation that the SEC’s attitude towards ICOs and cryptos was directly derived from Cohen himself, it is indeed a little suspicious to have a commissioner of the same agency talk about token offerings in such a positive manner so soon.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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