SEC Announces Revolutionary New Regulation for Cryptocurrencies in the US – Here Are the Details

The ￰0￱ and Exchange Commission (SEC) today announced its regulatory agenda, planned for implementation in the coming ￰1￱ agenda includes sweeping regulatory proposals for the cryptocurrency market and the easing of some rules that Wall Street has long characterized as “undue burden.” The plans, previewed by SEC Chairman Paul Atkins in July, include new rules governing the offering and sale of digital assets, as well as the definition of certain exemptions and safe ￰2￱ will also clarify how the commission's existing brokerage rules apply to ￰3￱ SEC also announced it will consider changes that would allow crypto assets to be traded on national securities exchanges and alternative trading platforms.

“This regulatory agenda marks the beginning of a new era at the Securities and Exchange Commission,” Atkins said in a statement. “The items on the agenda reflect our focus on supporting innovation, fostering capital formation, improving market efficiency, and protecting investors.” Related News: A $16 Billion Buying Spree Could Hit Bitcoin in the Coming Days - Here's What You Need to Watch These steps could be a major win for the digital asset industry, which has long demanded its own unique set of ￰4￱ potential for further integrating crypto into the traditional financial system is particularly ￰5￱ Donald Trump, who pledged his support for crypto during his campaign last year, declared himself a “crypto president.” This approach marks a significant departure from his predecessor, Democratic President Joe ￰6￱ Biden administration took a tough stance in the crypto space, filing lawsuits against Coinbase, Binance, and dozens of exchanges to prevent fraud and money ￰7￱ SEC, under Trump, subsequently dropped most of these ￰8￱ agenda also includes “rationalizing” disclosure requirements to increase investor transparency and reducing compliance burdens on public companies related to shareholder proposals. *This is not investment ￰9￱ Reading: SEC Announces Revolutionary New Regulation for Cryptocurrencies in the US – Here Are the Details