The Securities and Stock Exchange is expanding the scope of its own unit, which includes more than 50 lawyers and employees who were responsible for providing encryption procedures, according to a report on February 4, quoting people who have knowledge of the issue.
Some lawyers are appointed to the encryption enforcement unit to other departments in the agency, and the report maleHe added that a senior litigant was removed, with others describing this step as an “fair reduction.”
One of the first things that the new SEC president, Mark Uyeda, is to create a team to review the organizer’s approach to dealing with digital assets. It leads the new delegated business squad for profit, Hester Peres.
SEC expands the scope of the PVC output. Some of them are in a special unit of 50 lawyers and employees who were devoted to the creation of enforcement procedures, re -set, according to the just published NYT article. pic.twitter.com/w8fu5jafjw
Eric Balunas (EricBalchunas) February 4, 2025
SEC reduce implementation
“SEC has relied mainly on enforcement procedures for regulating encryption retroactively and interacting, and new and non -tested legal interpretations are often adopted throughout the way,” the agency wrote at that time.
One of the first orders of President Trump on January 23 aims to enhance encryption growth and “eliminate organizational transgression” from financial organizers over the past few years.
One of the demand policies was to provide “organizational clarity and certainty based on the neutral regulations of technology, frameworks that represent emerging technologies, transparent decision -making, and well -defined judicial borders.”
The SEC size reduces news comes hours after hester people specific The new approach to the regulator in the encryption markets and reconsidering whether some of the encryption assets are securities.
She said that the main priorities of the work band are the security case study of the encryption principles, the identification of areas outside the judicial jurisdiction of SEC, the treatment of symbolic offers, the improvement of registration paths, and the update of the broker regulations.
She said that this will also show the nursery solutions for investment consultants, provides clarity on lending, identifying encryption, and reviewing the products circulating in the exchange of encryption.
The web page for the encrypted business team is alive. Join us in the drive (towards clarity of encryption): https://t.co/o2jznuhj5d and https://t.co/9awtykmocw
Hesterpection February 4, 2025
Crypto CZAR genius action
On February 4, President Trump “Caesar Caesar Check”, David Sachs, held his first press conference alongside a number of members of the Senate.
The genius law, with a focus on the organization of Stablecoin and the creation of clear regulatory frameworks, announced the formation of a joint working group between the home on encryption legislation.
The main objectives were to maintain encryption innovation within the United States, create organizational clarity, develop a nursery Blockchain, and coordinate regulations through agencies such as SEC and CFTC.
The main meals of the press conference today led Davidsocks:
Congress is serious about passing stablecoin legislation.
About time!
Stablecoin’s legislation will not only benefit consumers and enhance the dominance of the US dollar abroad, but will move millions of people
– Jake Chervinsky (Jchervinsky) February 4, 2025
However, despite all the positive developments, the encryption markets decreased by 4 % a day, with the total number of capitalization to $ 3.3 trillion.
Bitcoin fell to the lowest level of the day of $ 96,000 before recovering to a slightly less than 98,000 dollars during the Asian session on Wednesday morning.
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