The U.S. Securities and Exchange Commission (SEC) and the Regulation of Cryptocurrency
The SEC is considering regulatory changes to make it easier for companies to issue crypto securities, according to SEC Commissioner Hester Peirce. On May 8, Peirce stated that the SEC might allow companies to use blockchain technology to issue, trade, and settle securities without having to comply with certain registration requirements.
Decentralized exchanges (DEXs) may not need to register as brokers, clearing agencies, or exchanges. Previously, the SEC has sued DEXs like Uniswap for not being registered. Peirce believes that companies should not be subjected to outdated regulations that are not suitable for blockchain technology.
Under the new exemption regulations, companies still need to comply with regulations to prevent fraud and market manipulation. They also need to meet disclosure and record-keeping requirements.
SEC's Cryptocurrency Policy Changes
The SEC has significantly shifted its oversight of cryptocurrency since President Donald Trump took office. Under former Chairman Gary Gensler, the SEC has filed over 100 lawsuits against cryptocurrency companies for violating securities laws.
However, under Chairman Paul Atkins, the SEC has only managed a narrower segment of cryptocurrency. In February, the SEC guided that Memecoins, if only identified as speculative assets without intrinsic value, should not be considered investment contracts under U.S. law. In April, they declared that Stablecoins should also not be considered securities if used solely for payment.
Ethereum is leading the tokenization race in the $16.1 trillion traditional finance sector.
Source: https://tintucbitcoin.com/sec-xem-xet-noi-long-quy-dinh-cho-token-chung-khoan/
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