#SECCrypto2.0

In the shadow of the major organizational transformations taking place in the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) announced its "Crypto 2.0" initiative, which is a strategic step towards restructuring the oversight of digital assets. The initiative aims to create a new presidential working group that includes representatives from the SEC, CFTC, the Department of the Treasury, the IRS, and others, to simplify regulations and implement standardized transaction reporting in accordance with the Securities Exchange Act.

The proposal highlights the importance of updating monitoring mechanisms to include undisclosed transactions, whether those conducted through over-the-counter (OTC) markets or decentralized trading platforms, which could lead to stricter and more transparent oversight. The initiative also proposes the establishment of a "Digital Asset Transaction Repository" (DART) that will serve as a reliable source for recording all market transactions in real-time, similar to traditional financial systems.