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 dying are but to be identified. Speaking to CNBC within the wake of the FTX collapse in late 2022, Pitt stated 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, stated regulating crypto was a nationwide subject however not a political concern.
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