The organization of cryptocurrency in the United States is undergoing a basic transformation. After the departure of Gary Ginsler as Chairman of the Securities and Stock Exchange Committee (SEC), the new chief of temporary interim, Mark Oida, established a coding workplace. This work band will lead the delegated delegation Hyster Persis, known as “Mom Om”, who has long called for clear and innovative regulations for the encryption industry.
The end of Crypto control policies
Under the Biden Administration, the Securities and Stock Exchange followed an aggressive strategy against encryption companies, and often spread as an unclear and suffocating innovation. Hyster Peres opposed this approach again and again, and called for constructive organization. The newly formed encryption squad aims to achieve the following: Instead of retroactively enforcement procedures, clear rules will be established to enable companies to register legally and practically.
The work group will cooperate not only with the committee itself, but also with public organizational organizations and other organizational bodies. The Futures Trading Committee (CFTC), Federal and State Organizers, and international partners will participate in this process. The work group will work in the legal framework set by Congress while providing technical support for potential legislative changes.
Congratulations to our new president, Mark Uida: https://t.co/bpzulbfrz5
Hesterpection January 20, 2025
Hyster Pierce vision
Pears emphasizes that the new strategy can only succeed in support from industry, academic circles and the general public. It aims at the organization that protects investors, guarantees the safety of the market, and enhances innovation. This position contrasts sharply with the previous SEC approach, and is often seen as repressive and unclear.
New dynamics in the ETF market
Besides reorganizing the SEC, attention to Crypto ETFS increases. Since the departure of Jinsler, the number of suspended requests has doubled. In addition to Bitcoin, Ethereum, Solana, XRP and even coins such as Dogecoin and Bonk, they are now receiving attention from ETF providers. According to Bloomberg Erik analyst, Junas, the number of requests may exceed 50 in the coming weeks.
With a new SEC leadership and the encryption team that focused on a clear organization rather than just an application, the United States may plan a completely new cycle in its encryption policy. This shift can have long -term effects on industry and the situation of the United States as a pioneering coding nation.
We went back. Here is a huge menu for all the current digital ETF files that I realize: pic.twitter.com/nphutmox5k
Jseyff January 21, 2025
