Your Resource for Government on Crypto
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10.13.2022
Hickenlooper Sends SEC Regulation Warning Letter
Sen. John Hickenlooper (D-CO) has sent a warning letter to SEC Chair Gary Gensler, marking the first time a Senate Democrat has publicly expressed concern about the SEC’s “regulation by enforcement.” In the letter, he said that the SEC needs to regulate crypto securities in “a transparent notice-and-comment regulatory process.” He specified that the SEC should take action to 1) define what types of digital assets are securities, 2) address listing and issuing digital securities, 3) determine necessary disclosure requirements, 4) establish a registration regime, and 5) set rules for trading and custody.