Fox reporter Eleanor Terrett announced on the X platform that Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), has proposed a digital securities sandbox for the United States and the United Kingdom. This sandbox is a special safe haven where companies in both jurisdictions can safely experiment with blockchain technology for securities trading without fear of regulatory warnings.
Peirce believes that a cross-border sandbox may be more transformative than a purely domestic one. US companies will be able to conduct a limited number of operations in the US, using blockchain technology for securities trading without concerns about regulatory scrutiny. The time in the sandbox will be limited to a maximum of 2 years, with the possibility of extension. FinHub will assist companies in understanding and adapting to the sandbox environment. Companies can choose some of their own regulatory rules, but they must comply with certain government guiding principles to protect investors. If the time in the sandbox is successful, companies may qualify for graduation and continue their activities under special permits from regulatory authorities.