Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure.
In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record as being open to technologies like cryptocurrencies and blockchain without the need for overhauling the existing regulatory framework.
“Being able to apply the federal securities laws to new and emerging technologies like digital assets without having to create an entirely new regulatory framework — as some other jurisdictions have had to do — is a testament to the flexible nature of our securities regime,” said Hinman. “It has allowed us to keep pace with innovation, facilitate capital formation and protect investors in a deliberate, thoughtful and effective manner.”
He specifically touted his role since joining the commission three years ago in determining whether tokens