SEC Advances "Crypto 2.0" Initiative, Proposes Presidential Task Force on Digital Assets
The U.S. SEC has escalated its "Crypto 2.0" plan, advocating for stricter oversight and a **Presidential Cryptocurrency Working Group** to streamline regulation. Key proposals include:
- Uniform Reporting: Treating digital asset securities like traditional securities, mandating transparent transaction disclosures.
- Tighter Off-Chain Oversight: Targeting high-risk OTC and decentralized platform trades.
- Digital Asset Transaction Repository (DART): A centralized system with the CFTC to track all digital asset transactions.
- Updated Market Rules: Potential amendments to the Securities Exchange Act to address crypto’s rapid evolution.
Impact: If implemented, this could reshape compliance for token projects and exchanges, pushing the U.S. toward real-time crypto surveillance.
