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‘Safe harbor’ Proposed By SEC Praised By The Token Fans, DeFi At 0x Conference

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  • “Safe harbor,” a term used for the legal provision to reduce or eradicate legal or regulatory liability.
  • The proposal of ‘safe harbor’ by SEC in the 0x conference praised by Token fans and DeFi Builders.

The 0x core team every year hosts numerous events and conferences to engage the builders, investors, and influencers in the ecosystem, where the world’s assets are being tokenized on blockchain. The recent 0x conference was held on 7th February 2020 at San-Francisco.

 In this event, many leaders such as Balaji Srinivasan, Chris Burnside, Linda Xie, Joey Krug, Arianna Simpson, and more took part as a speaker for the Token fans to get excited about and for general invitees.

Who can also do networking and understand more about the vision of 0x, which is a world where all forms of value are tokenized on the public blockchains. This includes flat bills (currencies), stocks, software licenses, video games, and more. 

Cryptomom at 0x conference

Among the speakers, there was famous Crypto mom SEC commissioner Hester Pierce was the highlight of the event. In the conference, she proposed a “safe harbor,” a term used for the legal provision to reduce or eradicate legal or regulatory liability. A tactic used by the companies to avoid hostile takeover and purposefully making it less attractive to the entity has an intention to take over its company.

Cryptocurrency’ safe harbor’

The proposal of ‘safe harbor’ by SEC in the 0x conference praised by Token fans and DeFi Builders, which they think is a mature response to the 2017 ICO Bubble to which the United States suffered the most.

There are two major points in SEC proposal: A grace period of three years for token projects to decentralize sufficiently according to SEC standards one documentation process involving both the teams and code disclosures.

The crypto mom Peirce’s proposal is after the 2017 massive investor loss due to the ICO boom and subsequent bust, which Is referred to as the 2017 ICO Bubble. More than dozens of coins remain 90% or more underwater from all-time high even bitcoin went nearly 50% down from its peak $20,000 in December 2017.

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