Securities Regulation Daily Wrap Up, NASAA NEWS AND SPEECHES—NASAA sends letter to lawmakers concerning digital assets and associated technologies, (Jan 31, 2022)
NASAA letter to lawmakers urges them to consider legislation consistent with its core principles.
In a letter addressed to the chairman and a ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, as well as to the chairwoman and a ranking member of the House Committee on Financial Services, NASAA commends them and their colleagues for their efforts to address the emergence and growth of digital assets and associated technologies through a mix of legislative proposals.
The letter urges the lawmakers and their colleagues to consider NASAA’s core principles for evaluating federal legislation relating to digital assets and associated technologies. According to the letter, NASAA’s core principles “reflect input from academics, industry representatives, investors, and other stakeholders.”
NASAA’s core principles support investor protection, innovation, and inclusion, and NASAA believes that federal legislation must:
Protect investors by encouraging compliance within the existing regulatory framework.
Protect investors and support lasting use of innovations by encouraging registration.
Protect investors and support innovation by fostering better regulatory coordination.
Support inclusion and protect investors by encouraging informed, goal-oriented investment decision-making.
In the letter, NASAA states that it opposes and legislation that is inconsistent with the core principles and urges Congress to do the same.
RegulatoryActivity: InvestorEducation NASAANews