🚀 U.S. SEC Chairman: Future Crypto Policies Will Follow Public Rule-Making Process
#SEC #Cryptocurrency #Regulation #PublicParticipation #DigitalAssets #CryptoPolicy #Transparency #RuleMaking #Stakeholders #ConsultativeFramework
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins has confirmed that upcoming cryptocurrency regulations will be developed through a transparent “Notice and Comment” rule-making process, rather than through enforcement actions.According to a report by Cointelegraph, Atkins emphasized the importance of public participation in shaping future digital asset policy, ensuring that industry stakeholders, legal experts, and the general public have an opportunity to submit feedback before any rules are finalized.This approach marks a shift toward greater regulatory clarity and inclusion, as the SEC moves away from case-by-case enforcement and toward a structured, consultative framework for crypto oversight.The move is seen as a step toward establishing a more predictable and collaborative environment for the U.S. cryptocurrency market, which has long sought clear guidance from regulators. #SEC #Cryptocurrency #Regulation #PublicParticipation #DigitalAssets #CryptoPolicy #Transparency #RuleMaking #Stakeholders #ConsultativeFramework
🚀 SEC Criticized for Informal Cryptocurrency Policy Guidance
#SEC #Cryptocurrency #BetterMarkets #PolicyGuidance #MemeCoins #Transparency #RegulatoryCredibility #RuleMaking
According to PANews, Better Markets, a policy advocacy organization, has submitted an open letter to the U.S. Securities and Exchange Commission (SEC), criticizing the agency's cryptocurrency task force for formulating policies through informal guidance documents. The letter highlights that the SEC's recent guidance on meme coins and other crypto assets bypassed the public review process, contradicting the transparency principles publicly promised by the new chairman, Paul Atkins.
Benjamin Schiffrin, the Director of Securities Policy at Better Markets, specifically pointed out that the task force's February classification of meme coins as 'collectibles' rather than securities lacks legal basis. He argued that the high speculation and price volatility of such assets align more closely with the characteristics of securities. The organization warned that bypassing the public review process could undermine regulatory credibility and urged the SEC to immediately return to formal rule-making procedures.#SEC #Cryptocurrency #BetterMarkets #PolicyGuidance #MemeCoins #Transparency #RegulatoryCredibility #RuleMaking
🚀 U.S. Treasury Seeks Public Input on GENIUS Act Preliminary Rules
#USTreasury #GENIUSAct #PublicComment #Rulemaking #PublicInput
According to Foresight News, the U.S. Treasury Department has initiated a public comment period for the preliminary rule-making steps of the GENIUS Act. This period aims to gather information that will assist in developing more detailed proposals in the future. The deadline for submitting comments is October 20.#USTreasury #GENIUSAct #PublicComment #Rulemaking #PublicInput
🚀 SEC and CFTC Collaborate on Market Structure Legislation
#SEC #CFTC #MarketStructureLegislation #CryptoAssetMarket #OnChainCapitalMarkets #IPOReportingRequirements #RetailInvestors #PrivateMarket #RoundtableDiscussions #RuleMaking #RegulatoryFramework
According to PANews, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins announced on the program 'Mornings with Maria' that the SEC is working closely with the Commodity Futures Trading Commission (CFTC) to advance market structure legislation. This collaboration includes joint roundtable discussions and future joint rule-making efforts.
Atkins emphasized the need for a clear regulatory framework for the crypto asset market and suggested introducing innovative exemptions to support the development of on-chain capital markets. Additionally, the SEC plans to review initial public offering (IPO) reporting requirements and explore diverse opportunities for retail investors to participate in the private market.#SEC #CFTC #MarketStructureLegislation #CryptoAssetMarket #OnChainCapitalMarkets #IPOReportingRequirements #RetailInvestors #PrivateMarket #RoundtableDiscussions #RuleMaking #RegulatoryFramework
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🚀 SEC Delays Short Selling Disclosure Deadlines to 2028
#SEC #shortselling #disclosure #securitieslending #investmentmanagement #hedgefunds #regulations #assetmanagement #pensionfunds #banks #institutionalinvestors #publicinterest #investorprotection #FifthCircuit #economicimpact #rulemaking
According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has postponed the deadlines for the disclosure rules related to short selling and securities lending. The final deadline for large investment management institutions, including hedge funds, to comply with short selling reporting requirements has been extended to January 2, 2028. The disclosure obligations for securities lending transactions have been delayed until September 28, 2028.
The SEC stated that these temporary exemptions align with public interest and investor protection goals. In October 2023, the SEC introduced new regulations mandating eligible asset management institutions to report short positions data monthly. Pension funds, banks, and institutional investors lending their stocks are required to submit reports the day after the transaction.
In August, the U.S. Fifth Circuit Court of Appeals ruled that the SEC had not adequately assessed the economic impact of its rulemaking, prompting the agency to reconsider. SEC's sole Democratic commissioner, Crenshaw, expressed concern that the compliance date extensions are being used as a pretext to undermine the rules, which could erode the foundation of the rule of law.#SEC #shortselling #disclosure #securitieslending #investmentmanagement #hedgefunds #regulations #assetmanagement #pensionfunds #banks #institutionalinvestors #publicinterest #investorprotection #FifthCircuit #economicimpact #rulemaking
🚀 CFTC Chairman Supports Legal Innovation in Prediction Markets
#CFTC #predictionmarkets #legalinnovation #regulatoryguidelines #marketgrowth #MikeSelig #politicaleventcontracts #rulemaking
Mike Selig, the new Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has expressed support for legal innovation within prediction markets, highlighting the necessity for clear regulatory guidelines. According to NS3.AI, the CFTC has retracted a previous rule proposal that aimed to prohibit political event contracts in prediction markets. The commission is now advancing with a new rulemaking process that is anticipated to be more favorable towards these markets. This shift indicates potential regulatory clarity and growth opportunities for prediction markets.#CFTC #predictionmarkets #legalinnovation #regulatoryguidelines #marketgrowth #MikeSelig #politicaleventcontracts #rulemaking
🚀 SEC and CFTC Collaborate on Digital Asset Oversight
#SEC #CFTC #DigitalAssets #EmergingTechnologies #Regulation #MarketStructure #LegislativeChallenges #DataSharing #JointMeetings #Rulemaking
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signed a memorandum of understanding to enhance coordination in overseeing digital assets and emerging technologies. According to NS3.AI, the agreement outlines plans for joint meetings, data sharing, and collaborative efforts on interpretations and rulemakings concerning product definitions. Additionally, the memorandum addresses regulatory aspects such as clearing, margin, trade data, and intermediaries.
In a separate development, Senate Majority Leader John Thune indicated that the market structure bill is unlikely to progress through the Senate before April. This delay highlights ongoing legislative challenges in adapting to the rapidly evolving digital asset landscape.#SEC #CFTC #DigitalAssets #EmergingTechnologies #Regulation #MarketStructure #LegislativeChallenges #DataSharing #JointMeetings #Rulemaking
🚀 Coin Center Advocates for SEC Rulemaking Over No-Action Letters
#CoinCenter #SEC #rulemaking #cryptocurrency #noactionletters #regulation #oversight #crypto
Coin Center has called on the U.S. Securities and Exchange Commission (SEC) to prioritize formal rulemaking in the cryptocurrency sector. According to NS3.AI, the advocacy group expressed concerns in a letter dated March 5, arguing that the current reliance on no-action letters leads to fragmented oversight. Coin Center highlighted that this approach tends to benefit projects and intermediaries with more resources, potentially creating an uneven playing field in the industry. The organization emphasized the need for a more structured regulatory framework to ensure fair and consistent oversight across the crypto market.#CoinCenter #SEC #rulemaking #cryptocurrency #noactionletters #regulation #oversight #crypto
🚀 Grayscale's Chief Legal Officer Highlights Shift in Crypto Regulation
#Grayscale #ChiefLegalOfficer #CraigSalm #CryptoRegulation #X #BlockworksDigitalAssetSummit #CryptoEnforcement #CryptoGuidance #RuleMaking
Grayscale's Chief Legal Officer, Craig Salm, highlighted a significant shift in the regulatory landscape for cryptocurrencies. Grayscale posted on X. Salm noted that the environment has transitioned from a negative stance characterized by enforcement to a more positive one focused on guidance and rule-making. He shared these insights during the Blockworks Digital Asset Summit.#Grayscale #ChiefLegalOfficer #CraigSalm #CryptoRegulation #X #BlockworksDigitalAssetSummit #CryptoEnforcement #CryptoGuidance #RuleMaking