The SEC is protecting the economy, but Roger Bayston notices a shift in the regulator’s approach.
Financial innovators need to play the long game with the U.S. Securities and Exchange Commission (SEC), and it’s understandable, says Roger Bayston, head of digital assets at Franklin Templeton.
Despite frequent skepticism about the SEC’s “open door” policy, Bayston views the agency’s actions as protective of the economy and not insurmountable obstacles:
“We wouldn’t have been in business for 76 years — a business built on trust — if we didn’t have some discipline, persistence, and collaborative behavior with global regulators.”
Bayston noted that things are changing at the SEC, comparing this year to last. “We’ve had positive interactions with the SEC, and we’re excited about their evolving tone,” he said.
Summary Review: Bayston believes that by staying persistent and working collaboratively with the SEC, financial innovators can navigate the regulatory landscape and contribute to the protection and growth of the economy.
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