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Ladan Stewart, a former key figure at the US Securities and Exchange Commission (SEC), has publicly refuted claims suggesting a governmental agenda against crypto.
She emphasizes that the regulatory body’s actions never aimed to stifle innovation in the nascent industry.
Cryptos Will Not Be Eliminated in the US
Stewart, now a partner at White & Case LLP, explained that during her tenure at the SEC, her primary focus was on litigating high-profile cases such as those against Ripple and Coinbase. She pointed out that the agency’s approach has always been technologically neutral.
Therefore, she clarified the widespread speculation about a deliberate crackdown the SEC has imposed on crypto businesses.
“The SEC is not trying to kill crypto. Our main concern has always been about ensuring investor protection and compliance within the industry,” Stewart stated.
Her comments come at a time when industry leaders have voiced concerns about harsh crypto regulatory measures potentially driving innovation out of the US.
According to Stewart, the industry’s compliance with regulations designed to protect investors is critical. The SEC’s efforts constantly ensure that investors have all the detailed information. While the SEC will continue to enforce compliance, there is no conspiracy to dismantle the crypto industry.
Instead, the focus is on fostering a safe and compliant environment for investors. Which, in turn, supports the healthy growth of the sector.
Read more: Crypto Regulation: What Are the Benefits and Drawbacks?
In her view, open dialogue and cooperation between regulators and the crypto community are essential for resolving ongoing tensions. Stewart’s insights underline a significant shift in regulatory strategies, focusing on education and compliance rather than restriction.
As someone who has transitioned from a governmental role to a private legal practice, Stewart aims to bridge the gap between the crypto industry and regulatory frameworks. Her new role involves guiding crypto businesses through the complex landscape of US regulations, striving for a balance that respects innovation and legal compliance.