The chairman of the US Securities and Exchange Commission (SEC) says that the Agency is preparing to roll out clearer regulations for the crypto industry.
During a speech on Thursday about the Crypto van de SEC project, an initiative to help with the goal of President Donald Trump to make America the Crypto capital of the world, Paul Atkins says that the securities ruler will bring reforms to the market for digital assets.
‘[W]E will work on reducing crypto assets distributions to America. The days of complicated offshore business structures, decentralization theater and confusion about security status are over. President Trump has said that America is in his Golden Age -and our crypto -activa economy will also be under our new agenda. “
Atkins says that his most important priority is to determine a regulation framework for the distribution of crypto assets in the US as quickly as possible.
‘[F]Or for too long, the SEC requirements of the market ignored choice and discouraged crypto-based capital increase. As a result, crypto -markets turned away from offering crypto assets and robbed investors of the possibility of using this technology to contribute to productive economic companies. “
Atkins says that the committee staff has already been instructed to develop clear guidelines that will tackle the confusion about whether crypto assets are effects.
“This approach can enable market participants to determine, based on clear guidelines, whether there are outstanding promises or obligations of the issuer that the crypto -active is subject to an investment contract.”
He says that the SEC also works on offering targeted disclosures, exemptions and safe ports for crypto transactions that are subject to the securities legislation.
“With regard to these types of transactions, our goal should no longer rule out their benefits from their benefits to prevent legal complexity and lawsuits, but instead choose to absorb Americans to enjoy legal security and a accommodating legal environment.”
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