SEC President Paul AtkinsAt the Wyoming Blockchain Symposium, very few crypto currencies were securities. Atkins, “Crypto money itself itself is not the value of the securities in itself and not probably,” he said that the classification will change according to the sales style and packaging emphasized. The statement of the SEC Chairman’s statement came after the Project Crypto initiative, which was initiated last month and aimed to modernize the law of securities. Atkins on his social media sharing after the announcement of the initiative crypto currency He reiterated his determination to create a framework that would prepare a framework for the abuse of the market -based abuse.
SEC’s “Project Crypto” vision
Atkins in his speech SelectionHe said it carried the crypto currency approach to a more inclusive line than the previous period. The focus of the US regulatory institution in the form of acting considering the conditions such as presentation and how to sell it to investors, rather than counting the crypto money directly. With this approach, it is planned to reduce the uncertainty in the market and to present a framework for the progress of legal debates around concrete phenomena.
Project CryptoThe transportation of the US capital markets into blockchain is the goal of harmonizing the door. Atkins defined the initiative as a move of securities law to the requirements of the age, and that they care about coordination with institutions and congresses. He said that a period of adopting innovation in the sector was entered and that the target was to produce sustainable, open and difficult rules to abuse.
In the SEC President’s statement, very few crypto currencies securities He said that the threshold values should be handled in general, not in general. In this context, Project Crypto’s transparency of promising activities, strengthening investor protection and progressing digital financial infrastructure in accordance with the US markets.
Gary Gensler approach was completely left behind
Atkins’ approach, most of the crypto currency, the former president who sees as securities Gary Gensler it segregates significantly from the period. The new line begins with the assumption that “crypto currency is essentially not securities ve and determines the sum of the promises made with the conditions of sales conditions. This perspective offers a clearer harmony route from product design to the market launch in the crypto currency ecosystem.
SEC’s recent crypto currency -oriented initiatives receive positive comments from market observers. Bernstein Analysts described Project Crypto as the most ambitious and transformative crypto currency vision of a SEC president. Bitwise CIO Matt Hougan He said he saw the initiative as an investment roadmap for the next five years. Because Atkins’ statements draw a direction that indicates that all assets, including stocks, bonds and dollars in the long run, can be carried into Blockchain.
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.
