The SEC has published a strategic plan for fiscal years 2022-2026, according to which one of the priorities will be the development of a regulatory framework for the crypto industry.
The document published by the US Securities and Exchange Commission (SEC) outlines initiatives that will affect priority tasks for the regulator. One such initiative is the creation and implementation of a regulatory framework that reflects current trends and takes into account new business models and technologies.
The publication explains that the SEC will begin to develop a strategy to address the systemic and infrastructure risks that capital markets and its participants now face. The regulator stressed that it is necessary to demand new powers from the US Congress and continue to cooperate with other regulatory bodies.
In addition, the SEC plans to organize its activities in such a way as to quickly identify important events and trends in emerging markets and quickly respond to them.
“We should allocate more resources to product markets — equities, crypto assets, derivatives and fixed income — and continue to build experience and maintain an agile approach to a rapidly changing market,” the plan says.
Earlier, US Congressman Tom Emmer blamed the SEC for the collapse of the FTX cryptocurrency exchange, saying that this was not a failure of the crypto industry, but of centralized finance and failed SEC policies.
Source: Bits

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