SEC Chairman Discusses New Directions for U.S. Crypto Assets Regulation
Recently, the chairman of the U.S. Securities and Exchange Commission ( SEC ) delivered an important speech at a tokenization roundtable, outlining new approaches to the regulation of Crypto Assets.
The chairman pointed out that securities are migrating from traditional databases to blockchain-based distributed ledger systems, a change that could fundamentally reshape the securities market. He likened this process to the evolution of audio from vinyl records to digital files, believing it will bring entirely new ways of issuing, trading, and using securities.
In order to make the United States a leader in the global Crypto Assets field, the SEC must keep pace with the times and consider reforming existing rules to accommodate on-chain assets. The chairman emphasized that the SEC will no longer rely on temporary enforcement actions, but will establish practical standards and focus on regulating fraud and manipulation.
In terms of specific policies, the chairman emphasized the key work focuses in three areas:
First, in terms of issuance. The SEC will establish clear and reasonable guidelines for the issuance of crypto assets, consider adjustments to existing disclosure requirements, and explore new registration exemptions and safe harbor provisions.
Secondly, in terms of custody. The SEC will grant registered institutions more autonomy to decide how to custody Crypto Assets and will consider updating relevant rules to accommodate industry practices.
Thirdly, in terms of trading. The SEC will allow registered institutions to trade a wider variety of products on their platforms and explore how to design a modern regulatory system for alternative trading systems.
The chairman stated that the SEC will closely coordinate with the government and Congress to make the United States the best place in the world for conducting Crypto Assets business. He hopes that these measures will provide the long-needed clarity and certainty for the industry and promote innovative development.
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LiquidatedAgain
· 08-21 10:21
The days of flash crashes are finally over.
View OriginalReply0
LazyDevMiner
· 08-20 22:39
The article is not just going back and forth, but rather about regulation.
View OriginalReply0
SchroedingerGas
· 08-20 05:20
What is the purpose of regulatory optimization? Let's reduce the gas first.
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rugged_again
· 08-18 10:49
Are you bragging again?
View OriginalReply0
BearMarketBard
· 08-18 10:49
The SEC also wants to reinvent its image in the crypto world.
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AirdropHunterKing
· 08-18 10:44
Again be played for suckers.
View OriginalReply0
DegenWhisperer
· 08-18 10:40
This sounds nice, but the regulators can manage it whenever they want.
The SEC Chairman elaborates on the new direction of U.S. encryption regulation, focusing on issuance, custody, and trading in three major areas.
SEC Chairman Discusses New Directions for U.S. Crypto Assets Regulation
Recently, the chairman of the U.S. Securities and Exchange Commission ( SEC ) delivered an important speech at a tokenization roundtable, outlining new approaches to the regulation of Crypto Assets.
The chairman pointed out that securities are migrating from traditional databases to blockchain-based distributed ledger systems, a change that could fundamentally reshape the securities market. He likened this process to the evolution of audio from vinyl records to digital files, believing it will bring entirely new ways of issuing, trading, and using securities.
In order to make the United States a leader in the global Crypto Assets field, the SEC must keep pace with the times and consider reforming existing rules to accommodate on-chain assets. The chairman emphasized that the SEC will no longer rely on temporary enforcement actions, but will establish practical standards and focus on regulating fraud and manipulation.
In terms of specific policies, the chairman emphasized the key work focuses in three areas:
First, in terms of issuance. The SEC will establish clear and reasonable guidelines for the issuance of crypto assets, consider adjustments to existing disclosure requirements, and explore new registration exemptions and safe harbor provisions.
Secondly, in terms of custody. The SEC will grant registered institutions more autonomy to decide how to custody Crypto Assets and will consider updating relevant rules to accommodate industry practices.
Thirdly, in terms of trading. The SEC will allow registered institutions to trade a wider variety of products on their platforms and explore how to design a modern regulatory system for alternative trading systems.
The chairman stated that the SEC will closely coordinate with the government and Congress to make the United States the best place in the world for conducting Crypto Assets business. He hopes that these measures will provide the long-needed clarity and certainty for the industry and promote innovative development.