The US Securities and Stock Exchange Committee (SEC) is reviewing its position regarding the organization of encryption because it reviews previous enforcement procedures. Commissioner Hyster Pears confirmed that the agency is heading towards a different approach in dealing with issues against encryption companies.
During an interview with him recently, Pears acknowledged that implementation was the main tool for the formation of encryption organization in recent years. She emphasized that SEC is now focusing on the use of other organizational mechanisms to create clear guidelines for digital assets.
United States SEC Review of the encryption regulation strategy
The United States of America has relied heavily on enforcement measures to regulate the encryption industry. However, Hyster Peres I mentioned This method is not typical to make policy. She explained that the agency is working to shift towards the most organized encoding regulation framework.
“During the past few years, enforcement cases have been used as a way to take organizational policy; this is very atrocity.” We are trying to return to a path where we use our other tools to create policy. “
SEC’s latest decision by a request to stop the lawsuit against Binance reflects this shift in the approach. The agency, Binance, and its co -founder Changpeng Zhao, requested a 60 -day residence in the litigation. SEC reported that the newly formed encryption squad can affect the result of the case.
Hester PEIRCE led a new encryption business squad formed
Hester PEIRCE offers a coding workplace, which aims to develop a clear regulatory framework for digital assets. This group is expected to evaluate cryptocurrencies that qualify as securities and sets SEC’s jurisdiction in the encryption market.
Reconsidering the SEC to organize the encryption amid broader regulatory changes within the framework of the Trump administration. Soon after assuming his post, President Donald Trump signed an executive order to create a group to advise on the organization of encryption. The administration also explores the concept of national encryption stock, which may affect the development of industry.
Pierce’s participation in the encryption policy has gained its appreciation in this industry. The funds circulated in Bitcoin exchange (ETFS) have already supported SEC enforcement procedures against encryption companies. For this reason, it was referred to as “Crypto Mom” by defenders of digital assets.
SEC lawsuits under review
SEC has submitted many lawsuits against major encryption companies, including Binance, Ripple and Coinbase. These cases accused companies of violating securities laws, misleading investors, and operating without a suitable registration.
Pears did not confirm whether the Securities and Stock Exchange would reject any lawsuits, but stated that each case will be reviewed individually.
“These are facts and circumstances,” she said. “We will have to look at each case on its advantages and we are advancing.”
Moreover, requests were submitted on other legal disputes related to SEC and Crypto companies. For example, in a separate condition related to Lejilex, SEC and the company agreed to postpone the oral arguments that were set on February 20. The delay extends the decision of the decision until April 11, 2025 at least.
Meanwhile, last year, the agency filed a lawsuit against Coinbase, claiming that it works as an unregistered exchange. Other companies, including Ripple, have stabbed the SEC authority to regulate encryption.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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