The US Securities and Stock Exchange Commission (SEC) reshape regulation policies in order to reduce uncertainties in the crypto currency market and increase confidence in the sector. In 2022, the proposal foresees to supervise the decentralized platforms in the same category as traditional stock exchanges is in the process of withdrawing due to sector reactions. In its new strategy, the Commission aims to protect investors while maintaining the dynamics of the crypto currency market.
SEC’s 2022 offer is withdrawn
The arrangement proposal, which was on the agenda in 2022, foresee that the decentralized crypto currency platforms would be subject to similar rules to traditional securities exchanges. In this context, the platforms were planned to be recorded and complied with strict inspections. However, sector representatives reacted, arguing that the classification of decentralized structures will prevent innovation.
On the reactions, SEC decided to re -evaluate the offer. Commissioner Mark Uyeda, “the crypto money market to limit the strict rules to limit a faulty approach,” he said. The policy change was shaped by the weight of the views that the unique structure of the non -decentralized finance ecosystem should be taken into consideration.
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New regulation strategy for the crypto currency market
The SEC adopts a flexible and balancing approach in its new strategy for the crypto money market. While strengthening the investor protection, the Commission aims not to harm the decentralized nature of web3 technologies. In this context, steps such as approval of new crypto currency funds and termination of some cases stand out.
SEC, which aims to strengthen dialogue with the sector, plans to improve the cooperation mechanisms with crypto currency platforms. Former Legal Advisor Rodrigo Seira pointed out the importance of the new strategy by saying, biri The attempt to introduce decentralized platforms into a traditional framework was inappropriate. ” The Commission continues to work to ensure that the regulations are compatible with the expectations of the market participants.
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.
