Discussions between the United States Securities and Exchange Commission and representatives of the crypto industry could lead to changes in the current regulatory policy on digital assets.
New Meetings with Industry Players
Over the past few days, the US Securities and Exchange Commission held several meetings with representatives of crypto firms and industry leaders. The discussions focused on issues related to the regulation of crypto assets. The meetings were organized by the crypto task force launched on January 21 and headed by Commissioner Hester Peirce.
Reassessing SEC Positions
All the companies and individuals involved in the discussions provided documents suggesting that the SEC reassess its previously held position that many cryptocurrencies were securities. The commission has several enforcement actions pending, many of which were initiated under former chair Gary Gensler.
Uncertain Future of Regulation
How the commission will proceed remains unclear, especially since the official leadership of the SEC has not yet been confirmed by the US Senate. However, under acting chair Mark Uyeda, the agency shows a willingness to chart paths that might be more favorable to the industry.
Observers anticipate that a shift in crypto regulation might occur soon, particularly considering possible changes in SEC leadership.
