The United States Securities Commission will set aside the requirement that asks Crypto signatures to register as brokers.
The United States Securities Commission (Secfor its acronym in English) plans to turn in part of the regulatory framework of the universe of the cryptocurrencies and cryptoactives. This was stated on Monday the interim president of the institution, Mark Uyeda.
Specifically, during the Washington Conference of the Institute of International Bankers, Uyeda said there was “asked the SEC staff to leave” part of the proposed changes that would expand regulation of alternative trading systems (ATS) to include crypto companies.
The change in question would force some crypto companies to register as brokers. However, now be set aside Under the new directive of the head of the SEC. In that sense, Uyeda said Monday that he ordered the SEC personnel to seek ways to abandon the plan to expand the definition of alternative trade systems and include some cryptocurrency companies.
Cryptocurrencies: the regulation that is abandoned
In 2022, the SEC proposed to demand some cryptocurrency companies to register as alternative trade systemswhich aroused the rejection of the sector, which does not want to be achieved by greater supervision and additional standards.
Uyeda pointed out, before an audience of bankers, that he has instructed his staff to seek ways to abandon that part of the plan.
It was an extension of a previous initiative aimed at the negotiation of the treasure bond markets, said the official. “In my opinion, it was an error by the commission to link the regulation of treasure markets with a hard hand attempt to stop the cryptocurrency market,” affirmed.
It happens that the initiative of 2022 was part of a line of work of the SEC under the Democratic government to better protect investors through greater regulation. Under the Republican administration the entity launched in January a working group on cryptocurrencies to review the previous paradigm.
“In the light of the significant negative public comments received on the definition of Exchange in regards to cryptocurrencies, I have asked the SEC staff to abandon that part of the proposal,” said Uyeda.
Source: Ambito
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