SEC reduces the volume of encryption enforcement unit. According to the latest reports, the committee re -appointed more than 50 lawyers and employees working on encryption cases.
This represents a major shift in the federal approach to regulating digital assets during the President of President Trump’s administration.
SEC returns to an encryption app
Reducing its size follows an executive order by President Trump to push the growth of digital assets by reducing regulatory restrictions. As part of this step, many lawyers from the encryption unit are reset to different sections within the SEC.
According to the New York Times a reportA senior lawyer was transferred from the enforcement department. Some people are said to also consider these measures as an unfair reduction.
“The Supreme Education Council expands the scope of the Effective Porting Unit. Some of them are reset into a special unit of 50 lawyers and employees who have been devoted to providing enforcement procedures,” books Analyst Eric Balunas.
Restoring employees raises questions about the future of prominent cases in SEC, including a long -term lawsuit against Ripple.
Although the lawsuit was recently removed from the SEC website, it has not been officially rejected. Therefore, there is still room for speculation.
SEC Mark Idea Chairman has established a work team to review the agency’s strategy on digital assets. This delegated team leads Hyster Peres, known for its strong support for encryption initiatives.
Earlier today, Peirce announced that the new Crypto Labor Squad will focus on re -evaluating asset classifications and converting some responsibilities of implementation outside direct supervision on SEC.
However, it will remain strict measures against fraudulent activities.
“SEC rules will not allow you to do what you want, whenever you want, as you want. Some of these rules will impose costs and other compliance burdens that some may find annoying, and the committee will use the implementation tools when necessary to continue not compliance.” He said Heather Pierce.
In a relevant development, the Crypto Crypto CZAR DAVID SACKS contract, along with the Senate leaders, is a press conference that defines the priorities of the newly created digital asset working group.
The bags highlighted that the group’s main goal is to explore the creation of the Bitcoin National Reserve. Currently, 15 states are studying bitcoin as a strategic reserve origin. The new Stablecoin Bill is also presented to Congress.
In general, the new SEC and the United States government take several great steps towards the organizational clarity of this industry.
Disintegration
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