#SECCrypto2.0

The U.S. Securities and Exchange Commission (SEC) has initiated the "Crypto 2.0" initiative to enhance oversight and transparency in the digital asset sector. This initiative aims to align the trading of digital asset securities with traditional financial instruments by applying standardized transaction reporting requirements under the Securities Exchange Act. A significant focus is on regulating off-chain transactions, such as those conducted over-the-counter or through decentralized platforms, which are considered high-risk and underregulated. To facilitate this, the SEC proposes establishing a Digital Asset Transaction Repository (DART) in collaboration with the Commodity Futures Trading Commission (CFTC). Additionally, the SEC supports creating a Presidential Cryptocurrency Task Force to coordinate federal agencies, streamline regulation, and reinforce consumer protection in the crypto ecosystem.

For a more detailed overview, you might find the following video informative: