North American Securities Administrators Association Submits Cryptocurrency Regulatory Proposal to SEC, Emphasizing Investor Protection

According to PANews, the North American Securities Administrators Association submitted an 11-page proposal on cryptocurrency regulation to the SEC, outlining five core requirements: investor protection should be at the heart of regulation, a clear and understandable risk disclosure mechanism should be established, a flexible exemption framework should be adopted, state anti-fraud authority should be preserved, and innovation should be supported while combating crime. The document responds to SEC Commissioner Hester Peirce's regulatory reform initiative, emphasizing the need to maintain state enforcement authority. NASAA represents the securities regulatory agencies of the US, Canada, and Mexico, and the SEC is currently developing new regulatory rules for digital assets.