US SEC crypto task force to address privacy and financial surveillance

Under the leadership of Hester Peirce, a Commissioner on the Securities and Exchange Commission( SEC), the cryptocurrency task force has revealed plans to set up another roundtable that will impact new policies at the financial ￰0￱ action addresses the recent rising concerns about regulations in the digital assets ecosystem and suggests suitable updates to the commission’s rules. Notably, this public roundtable on financial surveillance and privacy marks the sixth roundtable to be held addressing rising issues in the digital assets sector since Gary Gensler, a former chairman of the US SEC, withdrew from his ￰1￱ to an SEC notice released on September 8, the roundtable is scheduled for October ￰2￱ a statement, Peirce mentioned, “Learning about new developments in tools that protect privacy will help the SEC and other financial regulators as we work on policy solutions in the crypto area.” The US SEC proposes amendments to its crypto rules Roundtables focusing on the crypto ecosystem are part of a series of 10 meetings that are taking place from August through December across the ￰3￱ event comes when the US SEC considers proposed amendments to its crypto rules , which could significantly impact market ￰4￱ Thursday, 4 September, the commission made public its suggestion to implement certain exemptions and safe harbors in the provision and sale of crypto assets and its intentions to enhance broker-dealer financial responsibility ￰5￱ to them, these measures will ease requirements for crypto firms operating in the ￰6￱ January, this action of loosening regulations and enforcement measures has been popular among the SEC and Commodity Futures Trading Commission (CFTC), the main financial regulators in the ￰7￱ has affected crypto firms as the commissions have withdrawn several investigations and ￰8￱ his presidential campaign, Donald Trump emphasized that his administration would adopt a friendlier stance toward cryptocurrency, signaling reduced hostility from the highest levels of government—a position he has largely ￰9￱ former SEC Chair Gary Gensler, known for his strict regulatory approach, the crypto community often felt ￰10￱ departure sparked significant anticipation, and while Gensler is now out of the picture, the SEC remains active and appears poised for a busy and evolving regulatory future.

A new proposed law sparks hope for a new turn in the US financial regulators’ policies The two regulators, the SEC and the CFTC, have vowed to work together to monitor and provide support to spot crypto trading. Additionally, they have reportedly stated that they would look into having capital markets operating 24/7 and establishing regulations, particularly for crypto ￰11￱ decision aligns with a suggestion from President Donald Trump in July’s Working Group on Digital Asset Markets. Moreover, it is worth noting that the CFTC is currently under the leadership of only Acting Chair Caroline Pham, who, earlier in August, stated that the commission would strictly adhere to the White House’s direction put in place on crypto ￰12￱ the SEC and CFTC’s decisions aligning with the US President Donald Trump’s policies, hope for a new turn in authority and responsibility for the two regulators has been sparked with a new proposed ￰13￱ law is currently being discussed in ￰14￱ the above situation, Senator Cynthia Lummis, a strong supporter of this legislation, weighed in on the topic of ￰15￱ to Lummis, the Responsible Financial Innovation Act, the Senate’s version of a digital asset market structure bill, could become law by ￰16￱ upcoming meetings show the SEC’s transition from the regulation-by-enforcement era led by the Gary Gensler ￰17￱ intends to work in union with various industry participants to gather insights and feedback on digital assets regulations.

Also, it shows a willingness to be more collaborative and a desire to make the industry an overall better ￰18￱ $50 free to trade crypto when you sign up to Bybit now