SEC OFFICIAL: BIDEN'S ENCRYPTION STRATEGY AIMED AT PREVENTING HIM FROM ENTERING THE UNITED STATES

SEC OFFICIAL MARK OUYEIDA STATED THAT THE BYDEN GOVERNMENT'S ENCRYPTION STRATEGY WAS TO "STOP HIM FROM ENTERING THE UNITED STATES". HE NOTED THAT THE BYRDON-ERA SEC HAD ADOPTED A "LAW ENFORCEMENT REGULATION" APPROACH TO THE ENCRYPTION INDUSTRY. OUYEDA LISTS THREE REVERSALS TAKEN BY THE TROMPLE-ERA SEC: 1. WITHDRAWAL OF THE "UNWORKABLE" LAW ENFORCEMENT CASE 2. CLARIFY WHICH MATTERS FALL UNDER SEC JURISDICTION 3. PROPOSAL FOR NEW FUND-RAISING RULES THAT ALLOW ENCRYPTED START-UPS TO RAISE UP TO $75 MILLION WITHOUT FULL REGISTRATION. UYEIDA SAID HE WAS VERY OPTIMISTIC THAT CONGRESS WOULD PASS THE CLEAR BILL。