US Securities and Stock Exchange Commission (SEC) reviews the arrangement approach for crypto currency trade. The previous president of the commission Gary Gensler compared to the period of a significant approach has emerged. Provisional president, who signaled the front of the sector with temporary solutions Mark Uyandaa framework that will support innovations in the crypto currency sector is on the agenda. SelectionAt the second round table meeting organized by the crypto currency task force, these talks with sector representatives drew attention.
Temporary exemption proposal for crypto currencies from Uyeda
Speaking at the meeting held on Friday, Temporary SEC President Mark Uyeda, crypto currency He proposed a limited and conditional exemption framework for further development of technologies in the USA. Uyeda said that such a temporary system will encourage innovation in the sector until the long -term regulation model is created.
This second round table meeting organized by SEC Donald TrumpShortly after the election of the president, the crypto currency was organized by the Republican commissioner Hester Peirce. This step is significantly decomposed from the Salafist Gensler’s strict attitude towards the sector. During the Gensler, most crypto currencies were classified as “securities ve and many cases were filed. However, many of these cases are currently suspended.
NEW SEC President Paul Atkins‘s is expected to look at the industry more hot. Atkins, who has just received the Senate approval, described a clear regulatory frame for crypto currencies as a “priority target ..
SEC’s jurisdiction has been discussed
Democrat from the commission members attending the meeting Caroline CrenshawHe drew attention to the risks of crypto currency exchanges in the traditional financial world at the same time. He said that the combined execution of functions such as intermediary, swap and storage could lead to conflicts of interest and investor damages.
According to Crenshaw, some of these risks have emerged in the recent turmoil in the sector. The co -operation of the platforms together to carry out transactions and asset storage functions cause transparency and supervision problems in the market structure.
Uniswap Labs’ Law Director who took the floor in the panel Katherine Minarik He argued that the transactions from spouse to spouse should remain outside the jurisdiction of SEC. Minarik emphasized that the users’ control of their assets in their hands on the decentralized platforms significantly reduces the risks.
SEC – Conflict of CFTC Authority Conflict
One of the founders of Urvin Finance and We The Investors Dave LauerWith SEC in the crypto currency sector US Commodity Futures Commission (CFTC) drew attention to the conflict of authority. Lauer said the uncertainty about which institution should organize and causes direct investor loss.
In recent years, the “Authority War önemli between the two institutions has created gaps of regulation in the crypto currency sector. Lauer, this situation in the market lack of confidence and investor hesitation, he said.
The continuation of the round table meetings organized by SEC seems to continue to be shaped by market actors and organizers.
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.
