The cryptocurrency working group with the American Securities and Exchange commission (SEC) plans to hold another round table which could cause policy changes to the financial regulator.
In a Monday opinion, the SEC said that the Crypto working group, led by Commissioner Hester Peirce, would host a public round table on financial surveillance and private life on October 17. The event will mark the sixth round table focused on questions related to the digital assets of the commission in Washington, DC, the offices, since the departure of the former SEC president, Gensler.
“Understanding recent developments in confidentiality protection tools will help dry and other financial regulators while we are working on political solutions in cryptographic space,” said Peirce.
Round events focused on the crypto, which include a series of 10 meetings across the United States from August and in December, when the SEC envisages changes of proposed rules which could have a significant impact on market players.
On Thursday, the Commission proposed “certain safe exemptions and ports” linked to the offer and sale of cryptographic assets and to the modification of the “rules of financial responsibility of the broker”, reducing the burden of crypto-operating companies of the United States.
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Establish clarity on digital assets?
Since January, the sec and commodity future trading commission (CFTC) – The two main financial regulators in the United States – seemed to soften their approach to the actions and rules of application affecting cryptographic companies, by removing several surveys and prosecutions.
The management of the CFTC is now made up only of the acting president Caroline Pham, who declared in August that the agency would follow the example of the White House on cryptographic politics.
https://www.youtube.com/watch?v=utrgkjicvck
In the past seven days, the two regulators have declared that they would explore a potential passage to 24/7 financial markets and regulations for cryptographic derivatives and a coordinated effort to supervise and allow cryptographic trading.
The latter decision was in accordance with the recommendations published in July by the president’s working group on the digital asset markets.
However, all the authorities and responsibilities of the SEC and the CFTC could soon be subject to a law proposed on its way thanks to the Congress.
The version of the American Senate of a bill on the structure of the digital asset market, nicknamed the responsible financial innovation law, could become the law before 2026, according to senator Cynthia Lummis, one of the legislators who pressure for her adoption.
Review: The U-turn of the dry on the crypto leaves key questions unanswered