A change in leadership at the SEC could bring new approaches to cryptocurrency market regulation.
Potential SEC Changes with Paul Atkins
Paul Atkins, former SEC commissioner, known for his pro-innovation views, is anticipated to lead the agency. Renowned as an expert in digital assets, Atkins co-chairs the Token Alliance, an initiative focused on policy development for tokenized networks and digital asset issuers. His appointment could contrast with the current SEC chair, Gary Gensler, whose term involved frequent lawsuits and limited guidance for crypto companies.
Binance Delisting Five Tokens
Crypto exchange Binance has announced plans to delist five cryptocurrencies by December 10 due to non-compliance with industry standards, causing their prices to drop by 40%. The tokens include Gifto, IRISnet, SelfKey, OAX, and Ren. Arbitrage strategies and futures positions will close on December 3, with isolated and cross-margin borrowings already suspended.
Financial Maneuvers in Crypto Companies
Singapore Gulf Bank is seeking a $50 million investment to acquire a stablecoin payment company. Cantor Fitzgerald acquired a 5% stake in Tether, while Valour launched the first DOGE ETP on the Swedish market.
Paul Atkin's potential appointment as SEC chair could reshape US cryptocurrency regulation. Financial initiatives and token delistings remain key points of focus in major exchanges.
