#CryptoRoundTableRemarks Recent crypto policy roundtables have brought together regulators, industry leaders, and lawmakers to discuss the evolving landscape of digital assets. Here's an overview of the key developments:
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🏛️ SEC's Push for Clearer Crypto Regulations
SEC Chair Paul Atkins has announced intentions to modernize regulations to better accommodate the crypto industry. His proposals include:
Establishing clear guidelines for the registration and issuance of digital assets.
Providing more flexible custody options for registrants.
Allowing registrants to trade a broader variety of products, including both securities and non-security digital assets.
Atkins emphasized the urgency for formal commission-level actions to replace the current inconsistent guidance from staff, aiming to provide regulatory clarity and stability for the growing digital asset sector.
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🏛️ Congressional Roundtable Highlights
A recent congressional roundtable underscored the urgent need for comprehensive crypto legislation. Lawmakers and industry stakeholders discussed the challenges posed by the current regulatory patchwork and the importance of establishing a clear framework to maintain U.S. leadership in digital finance.
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🌐 Global Policy Developments
Internationally, the second quarter of 2024 saw significant movements:
The European Union faced challenges as the June 30 implementation deadline for the first tranche of MiCA rules approached, particularly around definitions.
Tokenization emerged as a key theme, with more clarity on the EU DLT pilot regime and a UK Investment Association report finding no significant regulatory barriers to tokenization.
In the U.S., the House of Representatives passed the FIT Act, aiming to address regulatory jurisdiction over crypto markets, though it still requires Senate and presidential approval.