Under the administration of President Donald Trump, the US Securities and Exchange Commission (SEC) has created a notable axis towards the Cryptocurrency sector, recently unveiled an ambitious agenda with the aim of modernizing the rules that control digital assets.
The announcement comes as part of a comprehensive initiative to overcome concerns from the financial industry about existing rules, which have been considered highly cumbersome by many people.
New agenda to modernize crypto regulations
On Thursday, SEC formally mentioned Its plans, which include the proposed rules that offer and sales offer and sales of crypto assets. These proposals can introduce some discounts and safe ports, potentially reduce the path for cryptocurrency transactions.
In addition, the regulator is considering amendments that will allow cryptocurrency to trading on national exchanges and alternative trading systems, a step that can increase these assets to increase trading volume and adoption.
SEC President Paul Atkins stressed that the agenda marks a new era for the agency, promoting innovation, facilitating capital formation, increasing market efficiency and protecting investors.
“This regulatory agenda indicates that it is a new day in the Securities and Exchange Commission,” Etkins said, indicated focusing on supporting innovation and development. Digital asset area,
New disclosure requirements
This change in regulator tone is contrary to the approach taken by the previous administration, which was led by former President Joe Biden and SEC President Gary Gansler, who was heavily criticized for his approach to the Cryptocurrency industry.
During the campaign trail, President Donald Trump expressed support for the Cryptocurrency sector, placed himself as a “crypto president”, dedicated to promoting digital assets.
In contrast, the regulatory stance of the biden administration has been more rigid, taking action against the SEC chief. Exchanges Such as coinbase and bennens, accusing consumers of violating American laws with the aim of protecting consumers from fraud and money laundering.
These cases were demolished by the current SEC administration as part of the agency’s new crypto agenda under Commissioner Paul Atkins, Mark Uyda and Hester Peerus, indicating the potential of pressure on the industry.
In addition, SEC plans to propose a “rationalization” Disclosure requirementsA step designed to increase transparency and reduce the risk for investors. By making it clear whether the information should be disclosed, the aim of the agency is to create a more informed market by reducing compliance burden on companies.
If enacted, these proposed policies can represent an important victory for the Crypto industry, which has long advocated the rules to suit their unique characteristics.
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