“`html
The digital currency task group with the US Securities and Exchange Commission (SEC) is set to conduct another roundtable that may result in regulatory modifications at the financial authority.
In a notice released on Monday, the SEC announced that the crypto task group, led by Commissioner Hester Peirce, would organize a public roundtable discussing financial surveillance and privacy on Oct. 17. This gathering will mark the sixth roundtable addressing topics pertaining to digital assets at the commission’s headquarters in Washington, D.C., since the exit of former SEC Chair Gary Gensler.
“Grasping recent advancements in privacy-preserving tools will aid the SEC and other financial authorities as we strive for policy resolutions in the crypto domain,” remarked Peirce.
The crypto-centric roundtable events, which encompass a sequence of 10 gatherings across the USA commencing in August and continuing through December, come as the SEC deliberates on proposed rule amendments that could significantly affect market participants.
On Thursday, the commission suggested “specific exemptions and safe harbors” related to the offering and selling of crypto assets and altering “broker-dealer financial responsibility regulations,” reducing the burden on US-based crypto enterprises.
Connected: Nasdaq requests SEC for regulatory change to trade tokenized stocks
Establishing clarity on digital assets?
Since January, the SEC and Commodity Futures Trading Commission (CFTC) — the two main financial authorities in the US — have seemed to ease their stance on enforcement actions and regulations impacting crypto firms, by dropping several inquiries and lawsuits.
The CFTC leadership now comprises only Acting Chair Caroline Pham, who stated in August that the agency would follow the White House’s direction regarding crypto policy.
In the past week, the two regulators announced that they would be examining a possible transition to 24/7 capital markets and regulations for crypto derivatives and a coordinated initiative to supervise and facilitate spot crypto trading.
The latter action was aligned with suggestions issued in July by the President’s Working Group on Digital Asset Markets.
All authority and duties of both the SEC and CFTC, however, might soon be influenced by a proposed law advancing through Congress.
The US Senate’s version of a digital asset market structure bill, titled the Responsible Financial Innovation Act, may become law before 2026, according to Senator Cynthia Lummis, one of the lawmakers advocating for its passage.
Magazine: SEC’s reversal on crypto leaves major inquiries unresolved
Source link
“`
