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Crypto Market News: Former U.S. Securities and Exchange Commission Chairman Harvey Pitt, who had till not too long ago voiced out the necessity for a crypto particular regulatory framework within the United States, handed away on Wednesday, aged 78. He had served because the SEC Chair for a interval of 18 months between 2001 and 2003. Recently, he expressed his views on the necessity for a concise nationwide coverage for crypto market.

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Harvey Pitt No More

According to a Reuters report, Pitt died on May 30, 2023, whereas the reason for his loss of life are but to be recognized. Speaking to CNBC within the wake of the FTX collapse in late 2022, Pitt mentioned there was a necessity for a complete crypto particular coverage that lays out guidelines for crypto commerce within the nation. Pitt, who had labored because the regulatory company’s twenty sixth chairman, mentioned regulating crypto was a nationwide problem however not a political concern.

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Anvesh stories main developments round crypto adoption and buying and selling alternatives. Having been related to the trade since 2016, he’s now a powerful advocate of decentralized applied sciences. Anvesh is at present based mostly in India. Reach out to him at anvesh@coingape.com.

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