The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.
Financial innovators are playing the long game with the United States Securities and Exchange Commission (SEC), and it’s only fair, according to Franklin Templeton head of digital assets Roger Bayston.
“The SEC, like a lot of regulatory bodies, likes to rely on legal precedents. […] Those precedents are being set in courts of law oftentimes, so this is just the process we’re engaged in,” Bayston told Cointelegraph’s Turner Wright at the Consensus event.
Despite frequent expressions of cynicism about the SEC’s “open door” policy, Bayston saw the agency’s behavior as safeguarding the economy and not insurmountable:
