SEC’S HESTER PEIRCE STILL PLANS TO PUSH FOR A TOKEN ‘SAFE HARBOR’ PLAN

Summary from the TLDR Crypto newsletter

SEC Commissioner Hester Peirce is reportedly not giving up on her Token Safe Harbor Proposal designed to attract and support cryptocurrency innovation in the US. Peirce's plan would offer developmental teams a three-year grace period to build decentralized networks free from registration provisions of federal securities laws, assuming certain conditions are met. The proposal seeks to balance the concerns of crypto skeptics with the interests of innovators while addressing the lack of disclosure around token issuances.