#SECCrypto2.0 #SECCrypto2.0 Initiative "Crypto 2.0" from SEC

In light of the major regulatory transformations taking place in the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) announced its "Crypto 2.0" initiative, which is a strategic step toward restructuring oversight of digital assets. The initiative aims to create a new presidential working group that includes representatives from the SEC, CFTC, Treasury Department, IRS, and others, to simplify rules and implement standardized transaction reporting under the Securities Exchange Act.

The proposal highlights the importance of updating monitoring mechanisms to include undisclosed transactions, whether those conducted through over-the-counter (OTC) markets or decentralized trading platforms, which could lead to stricter and more transparent oversight. The initiative also proposes the establishment of a "Digital Asset Transaction Repository" (DART) that will serve as a reliable source for recording all market transactions in real-time, similar to traditional financial systems.

On the other hand, implementing these reforms may increase compliance and disclosure obligations, which poses a challenge for some emerging projects. However, enhancing transparency and protecting investors is a positive step toward achieving broader stability in the cryptocurrency market.

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Note: These opinions are analytical and do not constitute financial advice. Please review official sources before making any investment decisions.

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