According to Odaily Planet Daily, Roger Bayston, head of digital assets at Franklin Templeton, said at the 2024 Consensus Conference that financial innovators are playing a long game with the US SEC, which is fair. He believes that like many regulators, the US SEC tends to rely on legal precedents, which are often set in court, so this is just a process we are involved in.
Although people often express skepticism about the SEC’s “open door” policy, Bayston believes that the agency’s actions are to protect the economy and are not insurmountable: “We would not have survived 76 years in this industry of trust if we did not have some discipline, persistence and cooperation with regulators around the world.”
Bayston noted that things are changing at the SEC compared to last year. “We’ve been very engaged with the SEC … and we’re excited about their change of heart,” he said.
