US Securities and Stock Exchange Commission (SEC) has reduced the size of the special unit focusing on crypto money sanctions. Speaking to The New York Times, some lawyers were shifted to different departments in a unit of about 50 people. However, SEC adopts a new approach to crypto money arrangements. The newly established duty force crypto currencyIt is expected to clarify the legal classification of s. On the other hand, the former president Gary Genslerreplaced by Mark T. Uyedamaking large changes in the commission.
SEC reduces the crypto currency
According to The New York Times SelectionThe crypto currency sanction team was shrinking. Some lawyers in the private unit were transferred to different departments. These changes drew attention to the fact that some of the senior members of the unit were put into other positions.
SEC did not make an official statement on the issue. But this development Crypto Money MarketHe aroused a wide repercussion. The crypto money market has been demanding regulatory clarity for years. During the Gensler period, the sector representatives of the sector frequently criticized because of the SEC’s “sanction regulation” policy.
On the other hand, under the new leadership of the SEC, the regulatory framework is expected to become more transparent. The new Vice President Uyeda is expected to adopt a more balanced approach to crypto currency regulations.
The new task force will classify crypto currencies
SEC, newly created crypto currency task forcenü. The task force will work to determine which crypto currency is within the scope of securities. The Commission started to attract opinions from the sector and the public with its new web page yesterday.
SEC member Hester Peircethe new team will clarify the legal status of crypto currencies, he said. The crypto currency market has been experiencing uncertainty about which assets have long been in the jurisdiction of SEC. According to Peirce, this initiative can be a big step for the market.
On the other hand, the US President Donald TrumpHe took action to bring the former regulator Paul Atkins to SEC. Atkins has long been known for its positive approach to the crypto money market. Expecting this appointment may mean a radical change in the regulatory approach for the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
