The North American Securities Administrators Association submitted cryptocurrency regulatory principles recommendations to the SEC.

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PANews May 28 news, according to Crowdfundinsider, the North American Securities Administrators Association submitted an 11-page principles proposal on cryptocurrency regulation to the SEC, proposing five core requirements: 1) Investor protection should be at the core of regulation; 2) Establish a clear and understandable risk disclosure mechanism; 3) Adopt an adjustable exemption framework; 4) Retain state anti-fraud authority; 5) Support innovation while combating crime. The document responds to SEC Commissioner Hester Peirce's regulatory reform initiative, emphasizing the need to maintain state enforcement powers. NASAA represents the securities regulatory agencies of the U.S., Canada, and Mexico, and the SEC is currently formulating new regulatory rules for digital assets.

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