US SEC’s ‘Crypto Mom’ not enthusiastic about national blockchain policy

08 Mar, 2019
by Joeri Cant
News
US SEC’s ‘Crypto Mom’ not enthusiastic about national blockchain policy

The Chamber of Digital Commerce, the world's largest blockchain trade association, with the misson to promote the acceptance and use of digital assets and blockchain-based technologie, has called upon the US federal government to coordinate a national strategy for the blockchain technology.

The Digital Chamber of Commerce’s 'National Action Plan for Blockchain' urges the US federal government to make blockchain technology a priority, by publicly supporting development in the cryptocurrency industry, adopting a formal light-touch regulatory approach, and creating clear policies and regulations based on the function performed.

'This paper serves as a call to action for governments and sets forth our two-part plan to promote theadoptionand use of blockchain technology through public statements and support as well as a coordinated agency approach.'

Read more: Crypto Mom says SEC's "arcane rules" likely mean no Bitcoin ETF in 2019

Perianne Boring, the founder and president of Digital Chamber, said that if the United States wants to be a leader in advanced technology, they will have to take action now.

'It is time the United States introduced a national strategy for blockchain', she added.

However, according to CoinDesk, when Boring presented the SEC Commissioner Hester Peirce with her action plan, the 'Crypto Mom' didn't give the reaction she was likely hoping for.

'What types of action would you like to see the government take?' Boring asked Peirce.

'People think oh wouldn’t it be great if we coordinated this from the government', Peirce said. 'That has gotten us into lots of problems in the past.'

'We need to have clear regulatory guidelines, that’s something I think you’ve been very forthright in calling for, which I think is really important. We do need to let people know where they stand, but then within that we need to let people do what they want to do and try not to have too much government partnership with the private sector.'

The government should just set up those guidelines and let the innovation happen on its own, the 'Crypto Mom' added.

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