- Gateway.fm’s CEO says the SEC needs to consult with industry stakeholders on regulatory issues.
- According to Weber, the evolving nature of crypto has presented the SEC with challenges in formulating comprehensive regulations.
- Weber noted the need to strike a balance between fostering innovation and preventing illicit activities.
Co-founder and CEO of Gateway.fm, Cuautemoc Weber, has suggested a solution for the U.S. Securities and Exchange Commission (SEC) if its goal is to create a framework that safeguards investors while promoting responsible growth within the crypto industry.
According to Weber, the regulator would need to consult with industry stakeholders who want the crypto space to evolve with the principles of transparency and security.
Weber said this during an exclusive chat with Coin Edition, where he addressed the SEC’s current pattern on crypto projects and regulatory issues. The Gateway.fm CEO acknowledged how the evolving nature of crypto has presented the SEC with challenges in formulating comprehensive regulations that keep pace with innovation.
“The SEC has had to grapple with a set of complex, emergent decentralized technologies, …
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