Pantera CLO: The SEC is increasing its engagement with the crypto industry!
A positive sign for regulatory clarity.
Pantera Capital’s Chief Legal Officer, Katrina Paglia, revealed that the crypto industry is getting more attention from the White House and regulators.
In a recent interview on Bloomberg Crypto, Paglia said, “We do see a lot of reach out, particularly since January 20th. It’s been materially more than I can say prior to that.”
She said that regulators, including the U.S. Securities and Exchange Commission and the White House, are strongly interested in understanding the industry. She added, “They want to talk to us, they want to be educated, and that interest in learning about the industry is so positive.”
Paglia believes this engagement is a positive sign, suggesting that the administration’s new crypto task force will work with industry leaders to develop clear, pro-innovation regulations. She expected bipartisan efforts to create a legal framework that ensures safety while fostering growth in the sector.
In the past, when Gary Gensler served as the Chairman of the SEC, he gained attention for his tough stance on cryptocurrencies. Under his leadership, the SEC believed that the crypto industry needs stronger oversight, citing a lack of adequate disclosures for everyday investors.
After four years as SEC Chair, Gary Gensler departed in January, and now he is a professor at MIT. President-elect Donald Trump nominated Paul Atkins to replace Gary Gensler as the next SEC Chairman.
"Disclaimer: This is for informational purposes only and not endorsed by Binance. Crypto investments are volatile and can lead to losses. Do your own research. Not financial advice."
