The SEC has advanced its "Crypto 2.0" initiative, aiming to strengthen oversight in the digital asset sector. Key proposals include treating digital asset securities like traditional securities, requiring stricter transaction reporting, and enhancing regulation of off-chain trades (e.g., OTC and decentralized platforms). A major component is the creation of a Digital Asset Transaction Repository (DART) in collaboration with the CFTC, which would centralize transaction data for better monitoring. Additionally, the SEC supports establishing a Presidential Cryptocurrency Task Force to coordinate federal regulation across agencies like the CFTC, Treasury, and IRS.
These measures signal a push toward real-time digital asset surveillance and increased compliance obligations for token projects, exchanges, and decentralized protocols. If implemented, Crypto 2.0 could reshape the crypto market, making transparency and investor protection top priorities. Market participants should prepare for heightened regulatory scrutiny and new disclosure requirements.