When it Comes to Token Offerings and Digital Assets, Does the SEC Need New Legislation from Congress or Can it Work Within its Existing Regulatory Framework?

In this segment, Dina Ellis Rochkind, Of Counsel, Paul Hastings, discusses some of the obstacles that have stood in the way of approving a Reg A+ Token Offering; what issuers and their providers can do to make regulators to increase the comfort level of regulators and how Congress could be helpful in this effort.

Note: this video was recorded 6 weeks prior to the SEC qualifying Blockstack’s Reg A+ token offering, the nation’s first Reg A+ token offering.


Dara Albright: What can we or issuers do in order to get the SEC or regulators more comfortable so that they can start qualifying some of these as either ETFs or as Reg A+ tokenize offerings?

Dina Ellis Rochind: There are thousands of investors who are holding tokens that are questionable. I think the SEC is not comfortable moving forward and creating any more exposure to retail investors until it resolves those underlying issues. In terms of moving forward with a Reg A+, you're going to have to see that remediation with investors who are holding questionable tokens and then going forward on a Reg A+. It seems that you're going to need to do high-level discussions within the SEC.

Dara Albright is a recognized thought provoker, advisor, author, and speaker on topics relating to fintech, digital finance, cryptofinance, peerfinance, crowdfinance topics, IPO execution, investment banking and corporate communications.

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