#SECCrypto2.0

The SEC has kicked off its "Crypto 2.0" initiative, aiming to enhance oversight of digital assets and suggesting the creation of a Presidential Cryptocurrency Working Group to help coordinate regulations. Key Highlights: Equal Reporting: Digital assets will need to adhere to the same reporting standards as traditional securities to ensure transparency. Stricter Oversight: There will be a particular focus on high-risk off-chain transactions, such as over-the-counter (OTC) and decentralized trades. DART Repository: A centralized system in collaboration with the CFTC will be established to monitor digital asset securities. Market Reforms: There may be updates to the Securities Exchange Act to improve investor protection. Presidential Task Force: A new federal group will be formed to simplify crypto regulations. If put into action, Crypto 2.0 will enhance compliance, especially for token issuers and off-chain trading platforms, steering the U.S. towards real-time monitoring of digital assets