Pure household. Change of the Presidency to The Securities and Stock Exchange Commission (Sec) of the United States, with the departure of Gary Gensler and the arrival of Paul Atkins, were welcomed in the cryptocurrency sector with relief. And it seems that this relief was well justified because the new SC boss has just announced that it had canceled at least 14 rules proposed by its predecessor.
- The change of the Presidency in Suchý, while Paul Atkins replaced Gary Gensler, was a turning point in the financial regulation policy.
- Paul Atkins canceled 14 rules designed by Gensler, which influenced various sectors, including cryptocurrencies, aroused favorable acceptance of the actors in question.
Paul Atkins cancels 14 rules proposed by Gary Genler
According to the recent publication The Financial Times, Paul Atkinsnew president The Securities and Stock Exchange Commissiondecided to make a clean sweeping of several proposals from his predecessor, Gary Gensler.
Paul Atkins actually announced that he Downloaded 14 rules who was not completed before the departure of Gary Genser. These rules covered various entities, from climate publication to the exchange of bitcoins, including artificial intelligence.
This decision is a turning point in the policy of Suchý, which, according to Trump’s administration, now accepts a more liberal approach in financial regulation.
“We will return to our roots, which consist of promotion, rather than suffocating innovations. The markets are innovating and dry should not tell them to remain still.” »
Paul Atkins, President of the Sucha
Actors of cryptocurrencies are pleased by the cancellation of these rules
Among the rules canceled by Paul Atkins, some directly related to the digital asset sector. For example, a rule aimed at expanding the definition of “exchange of securities” about the inclusion of decentralized peer -these -aper platforms that could complicate the life of the actors of the Defi.
For Laura SandersThe main advisor to the Blockchains Association, this decision is good news:
“The previous administration has tried to use outdated regulatory framework on a decentralized technology without a clear legal authority or a significant contribution from the industry. We are optimistic about the method of adherence. »
Laura Sanders, the main advisor of the Blockchains Association
The cryptocurrency sector is not the only one who rejoices in this notice. Wall Street pressure groups that criticized this decision by Peopleler. They believe that dry thus returns within the limits of their mandate and eliminates uncertainty about the application of these rules.
The new President of SEC, Paul Atkins, has already announced color as soon as he joined office and said he wanted to end the “war against the cryptos” conducted by his predecessor. He remarkably promised to cooperate with the actors in this sector on the development of the control framework more suitable for the specificity of digital assets.
(Tagstotranslate) United States (US) (T) Financial Markets (T) Cryptomone Regulation