The agenda (to be pursued in the future) includes potential regulatory proposals related to the issuance and sale of virtual currency assets, which are aimed at clarifying the regulatory framework of virtual currency assets and providing greater certainty to the market, SEC Chairman Paul Atkins said in a statement. "The key challenge during his term is to establish clear rules on the issuance, storage, and transaction of virtual currency assets, while cracking down on bad actors committing illegal activities."
"This regulatory agenda shows that a new day has opened for the SEC," he said. "The issues included in the agenda reflect the committee's renewed focus on supporting innovation, capital formation, market efficiency, and investor protection."
In July, Chairman Atkins said, "Most cryptocurrency assets are not securities," which was one of the big controversies raised in the market, and said, "We will not completely overturn the policy of the former Joe Biden administration and suppress it with unnecessary regulations." He said he would realize the "golden age of digital assets" in the U.S., which President Trump has emphasized, and predicted, "We will bring virtual asset companies that have left overseas to the U.S. due to pressure from previous government regulations."
The market believes that if the SEC's plan to reform its virtual currency policy is actually carried out, it will bring about a clear change in the overall investment environment. In particular, it is predicted that market participants' expectations will increase as virtual currency investment sentiment, which has been dampened by uncertainties and regulatory risks, has become more favorable. In addition, as the industry's long-requested connection with traditional finance and the inclusion of institutional areas are likely to accelerate, it is expected that customized rules will be prepared.
Reporter Lee Seung-hyung, [email protected]
They’ve taken a deregulatory approach, similar to how unnecessary regulations are lifted for startups.
It seems appropriate to view this not only as a measure for Bitcoin, but as a broader easing strategy for the overall market.
The outlook for the second half of the year and early next year is quite promising.
