The American Commission Securities and Exchange heads for an end -of -year objective so that its efforts to bring cryptographic companies to push new products under the supervision of the regulator, said President Paul Atkins in an interview on Tuesday on Fox Business.
The rhetoric of pro-nummeric assets of Atkins is on the brand for its campaign to deploy friendly policies for industry, aligned with the orders of President Donald Trump. The SECTO and the Commodity Futures Trading Commission said earlier this month that they invited existing registered companies to move forward on cryptographic activity and that they should simply check the questions on how to proceed, and the SEC also displayed a public program which reflected the rules provided for the supply and sale of cryptographic titles, including exemptions and safety ports.
“We are trying to give the market a kind of stable platform on which they can introduce new products,” said Atkins. “We are going to do rules in the coming months. We are looking for an innovation exemption to try to set this in the end of the year.”
Although it has suggested a end -of -year calendar, any regulatory process must go through several stages which generally take each month and require public comments.
Last week, the agency moved to allow exchanges of negotiated products on the stock market (FTE) holding investment products, including cryptocurrencies, without requiring the agency’s individual examination each time – a generic registration standard that will reduce obstacles to new products. The SEC has also published personnel policy declarations to act as informal directives on its opinions of cryptography, addressing various areas such as same, mines and stablecoins. However, these subjects would need formal rules approved by measures at the commission level to obtain a firm legal basis.
Meanwhile, Congress legislators – more specifically the Senate Banking Committee and the Agriculture Committee – are working on the last legislation aimed at establishing railing around the American cryptography markets. The defenders of this bill, which is largely similar to the law on the clarity of the digital asset market of the House of Representatives, which has already been adopted with a large bipartite vote, would aim at the end of the action of the committee in late October.
“I can’t wait for Congress to act on this subject,” said Atkins. Although the legislation clearly defines the roles of the dry and the CFTC and the boundaries between crypto titles, basic products and other assets, said Atkins since its first days which has led the agency that it can go ahead on politics without congresses.
Read more: The short-term agenda of the ATKINS of the Assie of the United States.
