21 hours ago
Staff astatine the U.S. Securities and Exchange Commission (SEC) are reviewing past crypto-related guidance to find whether it inactive reflects the agency’s existent priorities, according to a connection from acting president Mark Uyeda, posted connected societal media level X.
Among respective cardinal documents, the SEC staff's connection connected funds registered nether the Investment Company Act Investing successful the bitcoin futures marketplace is nether review, according to the X post. Other documents see integer assets "investment contracts," and custody frameworks. The reviews could effect successful much clarification for regulatory frameworks astir the integer assets sector.
The petition from Uyeda is related to Executive Order 14192, Unleashing Prosperity Through Deregulation and comes aft a proposal from Elon Musk's D.O.G.E.
It is worthy noting that the connection is coming from SEC unit and not from Commissioner Hester Peirce, making it little binding. However, it inactive shows the SEC's willingness to easiness unit connected the integer assets assemblage since the bureau was taken implicit by President Donald Trump-appointed leadership.
The determination is portion of interim Chairman Mark Uyeda's efforts to overhaul the regulator's crypto position. That includes throwing retired astir of the salient enforcement cases the bureau had pursued against integer plus businesses.
Read more: U.S. SEC Staff Clarifies That Some Crypto Stablecoins Aren't Securities
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