At a meeting with representatives of the industry dedicated to the tokenization of the assets of the real world (RWA), the head of the regulator emphasized the importance of this process, since securities are increasingly moving into the ONCHIN space. Atkins criticized the past repressive approach of the commission to regulating the industry and promised not to use it in the work.
“This is a new day in SEC. Policy will no longer be the result of special forced actions. Instead, the commission uses its existing authority to rule, interpretation and exemptions to establish standards appropriate for the purpose for the market participants, ”Atkins said.
The head of the commission separately identified three directions in the regulator’s norm -making activity – emission, storage and trade. SEC will soon give a clear definition of which cryptocurrencies belong to the category of securities. The rules for the provision of castodial services and brokers-dealers will be revised, Atkins noted.
Earlier in the US Congress, a two -party discussion of the Genius legislative initiative was held, which is focused on the principles of stablecoin regulation. During the hearings, the current version of the bill was rejected and aimed at revision.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
