SEC President Paul AtkinsThe US Senate’s Allocation Committee in the presentation of the institution’s crypto currency arrangements will now create the “notification and opinion” process, the rule of shaping the rules with sanction cases announced that the period of shaping. Atkins stressed that net rules are indispensable to protect the investor from fraud. He said that the existing authority will be used to develop standards in accordance with market players. Within SEC Crypto Working Group ‘He announced that he has prepared drafts that take care of the sector needs and that the first report will be published in the coming months. He also said that he applied to the Congress for the closure of the Fintech Innovation Center (Finhub) unit established in 2018 and that innovative ideas will now be integrated into the main structure of the SEC.
Transparent and inclusive regulation period with the “notification and opinion” model
Atkins’ choice aims to predict the long -term predictions of the market. With the announcement of open drafts in the official Registry, the sector, investors and academy members will be able to examine the drafts and offer public feedback. This method crypto currencyIt is argued that it reduces legal uncertainty for the s, the prevention of court -oriented surprises and the rapid renewal of standards. On the other hand, although the fact that the opinions of the incoming views do not have a criticism is the subject of criticism, Atkins emphasized the participant spirit of the process by saying “dialogue, sanction pressure”.
Finance circles, especially Crypto currency exchanges And Crypto Money Storage Service It is expected to clarify the undergraduate conditions with concrete feedback for drafts. Thus, the rules of the federal level will be revealed above the fragmented legislation applied in different states of the United States. Analysts think that it will be easier with this model to ensure that the equivalent of organizers outside the United States. Because public drafts will provide comparative work to the organizers of other countries.
Innovative units will be moved to the main body by closing the Finhub
Atkins, FinhubHe argued that the remaining unit of a separate unit slows down the innovation and reported that crypto money -oriented research and supervision capacity will be distributed directly to the apartments. This move is expected to eliminate the presumption of authority and accelerate the specialization of personnel in real files. Similar strategies have increased productivity in market surveillance units in the past.
Although Market players worried about the overshadow of innovation while closing, Atkins, “Structural integration is more powerful than isolating innovation,” he calmed concerns. SEC’s request for additional budget for Blockchain analysis tools and open source review teams also demonstrates the will to expand the technology infrastructure. Experts foresee that the coordination in the new order will increase and regulatory decisions will accelerate.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
