The SEC would still be watching under Peirce's safe harbor proposal – and they'd know where to look
February 11, 2020, 4:45PM EST · 5 min read
Quick Take
- SEC Commissioner Hester Peirce introduced a proposed rule that would give token projects safe harbor for three years, allowing them time to sufficiently decentralize their networks
- The application for safe harbor would require a variety of disclosures, putting the details of many projects on the SEC’s radar
- Though it’s only in proposal form, Peirce’s announcement is already making waves in the ecosystem.
SEC Commissioner Peirce introduced her safe harbor proposal for tokens last week. The grace period would allow token projects time to sufficiently decentralize their networks, and the disclosure requirements would give the SEC a sense of who is doing what in the industry.
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