The SEC plans to improve its treatment of cryptocurrencies even though Trump has kept silent about his policies.
The US stock and values ​​commission. UU. (SEC) announced a change towards cryptocurrencies shortly after the start of the second Trump administration.
In January 21The interim president of the SEC, Mark Uyeda, revealed a working group focused on developing a “complete and clear regulatory framework for cryptocurrencies” with a “sensible regulatory path” within the limits of the law.
The notice admits that the application of cryptocurrencies by the SEC has been based on new and not proven interpretations of the law. Meanwhile, registration obligations have not been clear.
This lack of clarity generated confusion among the participants of the cryptographic sector about which activities are legal, which in turn hindered innovation and allowed fraud in the cryptoSfera. “The SEC can do better,” says the warning.
The SEC Commissioner, Hester Peirce, will head the new working group and several more members of the agency will also participate. Peirce and Uyeda are known for their positions in favor of cryptocurrencies and their dissident statements against anti-writing decisions.
Trump is likely to name Paul Atkins as president of the SC at a later date. ATKINS is expected to adopt a general position in favor of cryptocurrencies.
Although the last notice does not mention the former president of the SEC, Gary Gensler, the position change follows Gensler’s resignation on January 20. Gensler was a vocal critic of cryptocurrencies and was possibly responsible for the aggressive application strategy of the agency’s law. Several legal cases that began under Gensler’s leadership are ongoing.
President Donald Trump himself did not mention cryptocurrency policies during his first two days in office.
Trump campaigned with promises aimed at the cryptographic sector and cryptographic investors, particularly stating that he would establish a strategic Bitcoin reserve.
The general feeling of whether Trump will establish the reserve is now mixed. The executive director of Coinbase, Brian Armstrong, believes that a reserve is still possible, while the former executive director of Bitmex, Arthur Hayes, has expressed doubts. On January 21, betting activity in Polymer The probabilities of a reserve within Trump’s first 100 days are 43%.
Some expect Trump to take other measures, including the strengthening of the role of the United States in Bitcoin mining and the elimination of capital gains taxes on cryptocurrencies.
In an event related to cryptocurrencies, Trump pardoned Ross Ulbricht, the founder of the dark network market Silk Road. Ulbricht designed the site to use Bitcoin payments.
In addition, Donald Trump and the first lady Melania Trump participated in the launch of Two memecoins In the period prior to the inauguration. Tokens have reached billions of dollars in market capitalization, but many call assets a conflict of interest.
Discharge of responsibility: The information contained in this document is provided without considering its personal circumstances, therefore, it should not be interpreted as financial advice, investment recommendation or an offer or application for cryptocurrency transactions.
