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In Forbes, Keith Higgins Analyzes SEC Safe Harbor Proposal for Cryptocurrencies

Practices: FinTech, Cryptocurrency, Securities & Public Companies, Corporate Governance & Compliance, Capital Markets

Insights from Securities & Governance chair Keith Higgins (Boston) are featured in a Forbes article examining SEC Commissioner Hester Peirce’s safe harbor proposal for cryptocurrency projects. 

Commissioner Peirce has proposed a three year safe-harbor provision for cryptocurrency projects during which time they can claim exemption from SEC securities regulations which would otherwise potentially classify the native tokens of their public networks as securities. 

Keith explains that Commissioner Peirce’s proposal recognizes that the information the securities laws would mandate may not be the same information token purchasers need in making their decision to buy. He notes that it is unlikely that such an innovative proposal would make it on to a crowded SEC agenda during an election year, but Commissioner Peirce deserves credit for advancing the search for a solution.

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