jakiro
Source: SEC; Compilation: Wuzhu, bitchain vision
On January 21, 2025, SEC Acting Chairman Mark T. Uyeda launched a cryptocurrency working group dedicated to developing a comprehensive and clear regulatory framework for crypto assets.Commissioner Hester Peirce will lead the working group.Richard Gabbert, the acting chair’s senior adviser, and Taylor Asher, the acting chair’s senior policy adviser, will serve as chief of staff and chief policy adviser for the task force, respectively.
The Working Group will leverage the outstanding staff of the entire agency to work with committee staff and the public to bring the SEC on a reasonable regulatory path that respects the boundaries of the law.To date, the SEC has relied primarily on law enforcement actions to rethink and passively regulate cryptocurrencies, often utilizing novel and untested legal interpretations in the process.The actual solution to who must register and who seeks to register has been difficult to determine.The result is confusion about what is legal, which creates an environment that is not conducive to innovation and is conducive to fraud.SEC can do better.
The focus of the working group will be to help the U.S. SEC draw clear regulatory boundaries, provide practical registration pathways, develop a reasonable disclosure framework, and deploy law enforcement resources wisely.
The Working Group will operate within the statutory framework provided by Congress and will coordinate the provision of technical assistance to Congress., because Congress has revised the framework.The Working Group will coordinate with federal departments and agencies, including the Commodity Futures Trading Commission, as well as state and international peers.
“I look forward to the efforts of the Peirce Commissioner to lead the cryptocurrency regulatory policy, which involves multiple departments and offices of the SEC,” said Acting Chairman Uyeda.
“This work takes time, patience and a lot of hard work. It will only succeed if the working group gets input from a wide range of investors, industry players, academics and other stakeholders. We look forward to working hand in hand with the public to create a protectionInvestors, promote capital formation, promote market integrity and support innovation regulatory environment,” said Peirce Commissioner.
