Is the SEC siding with crypto enthusiasts?

Key points:

1. Focus on supporting innovation – the SEC should help markets develop rather than hinder them.

2. The issue with the crypto market – previously, the SEC acted inconsistently: it ignored crypto, then began to aggressively suppress it through lawsuits.

3. New approach – open communication with the market has been declared a priority to create conditions for flexible and secure operations for participants.

4. Unified platforms for securities and non-securities – it is proposed to allow such services, which will simplify access for investors.

5. Integration of FinHub – the functions of the innovation center will be embedded in the SEC so that it will no longer be a “pocket department” and will become a full-fledged part of the agency.

6. Access to private funds – the SEC will consider lifting restrictions that hinder retail investors from investing in closed funds.

7. Reform of CAT (Consolidated Audit Trail) – a review of costs and the volume of data collected will start to reduce unnecessary expenses and risks for investors.

8. Overall message – the SEC is returning to its mission of supporting market progress and innovation.