ShapeShift Founder: US SEC's New Guidance Acknowledges Limits of Authority, Strict Regulation Previously Stifled Utility Token Innovation

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Geopolitics Regulation & Policy Enforcement Actions

2026-03-18 05:21:39

Gate News, March 18 — ShapeShift founder Erik Voorhees publicly commented on the SEC’s issuance of explanatory guidance on digital assets, believing that the significance of this guidance lies in the SEC acknowledging its own boundaries of authority. Comparing this to the widespread enforcement actions against utility tokens during Gensler’s tenure, Erik Voorhees pointed out that those actions greatly reduced entrepreneurs’ willingness to design utility tokens, leading to a surge in meme coins and fraudulent projects.

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