As he reported, the president of Securities and Exchange Commission Paul Atkins instructs his agency’s political agenda with crypto work, according to the program disclosed Thursday, revealing what the president called a “new day” for the sector.
“The agenda covers proposals for potential rules related to the supply and sale of cryptographic assets to help clarify the regulatory framework for cryptographic assets and provide greater certainty to the market,” Atkins said in a statement. “A key priority of my presidency is clear road rules for the program, guard and trade in cryptographic assets while continuing to discourage bad actors from violating the law.”
The rest of the agenda highlights a campaign to soften the constraints on securities companies and rethink the so-called “consolidated audit track” system intended to follow the transactions of American securities. Digital assets represent the main field of new regulations in agency leadership, otherwise, the use of new rules, indicates the agenda.
The agenda puts an April objective to offer a rule on the offer and sale of cryptographic assets, including exemptions and safe ports, and at the same time, it intends to recommend another rule modifying the rules of the agency’s titles of exchange of titles to manage the trading of digital assets on “alternative trading systems” (ATS) and national exchange of securities.
Federal regulators regularly deposit these agendas for a public examination, even if the schedules they establish are often unreliable. Rather, they are widely considered by political observers as a large indicator of the management of an agency.
Long before setting cryptographic regulations, however, the SEC and its Sisters market guard dog, the Commodity Futures Trading Commission, published a joint declaration earlier this week by saying that the registered platforms that they supervise can manage the trading of cryptomas.
The SEC has embarked on what Atkins, which advised cryptographic companies in the private sector, called “Project crypto” to allow industry jumping in consumer finance. The CFTC has directed what the acting president, Caroline Pham, calls a “crypto sprint” to the same side. The two regularly say they work quickly to try to meet President Donald Trump’s expectations that the United States supports the industry enough to become the world leader in this technology.
Read more: Atkins de dry: “Most cryptographic assets are not titles” under the new daring vision
