Industry positions

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Rodrigo Seira, special counsel at Cooley LLP, argued that investment intent alone should not define an asset as a security

Miles Jennings, general counsel at a16z crypto, criticized the SEC’s previous regulatory approach to crypto as ineffective

Sarah Brennan, general counsel at Delphi Ventures, argued that securities law uncertainty is forcing early-stage crypto projects to resemble traditional IPOs

John Reed Stark, founder of John Reed Stark Consulting and former SEC attorney, opposed regulatory reform for cryptocurrencies, advocating adherence to existing securities laws

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