The president of the SEC will collaborate on guidelines regarding cryptocurrencies
According to BlockBeats, the president of the U.S. Securities and Exchange Commission (SEC), Atkins, announced plans to lead the policy departments to work with a special task force on cryptocurrencies to implement the recommendations from the White House. SEC staff has been tasked with drafting clear rules for the allocation, custody, and trading of cryptocurrencies. Most crypto assets are not considered securities. Guidelines are being developed to determine when a crypto asset is considered a security. Additionally, staff have been asked to propose disclosure requirements and exemption provisions for crypto assets identified as securities. The SEC is also engaging in discussions with companies looking to issue tokenized securities.