Crypto Market News: Former U.S. Securities and Exchange Commission Chairman Harvey Pitt, who had until recently voiced out the need for a crypto specific regulatory framework in the United States, passed away on Wednesday, aged 78. He had served as the SEC Chair for a period of 18 months between 2001 and 2003. Recently, he expressed his views on the need for a concise national policy for crypto market.

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Harvey Pitt No More

According to a Reuters report, Pitt died on May 30, 2023, while the cause of his death are yet to be known. Speaking to CNBC in the wake of the FTX collapse in late 2022, Pitt said there was a need for a comprehensive crypto specific policy that lays out rules for crypto trade in the country. Pitt, who had worked as the regulatory agency’s 26th chairman, said regulating crypto was a national issue but not a political concern.

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Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected].

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