The SEC president puts the “Project Crypto” plan to re -innovate us: Bernstein

Satter Wall Street Bernstein said in a research report on Monday that with a decrease in encryption markets on Friday, a possible historical organizational transformation was under the radar.
In a letter called by the Bernstein analysts “the most voic and transformative vision of SEC Sitting”, the US Securities and Stock Exchange Committee (second) The Chairman of the Board, Paul Atkins, unveiled the “encryption project”, a A comprehensive initiative To update the rules of the outdated securities in the country for the digital era.
The initiative aims to reform US Securities Laws to accommodate digital assets, and continues a wider batch to make the United States a global center for innovation.
Bernstein pointed out that “strengthening the re -plan” is “re -assembly”, as he returned the encryption companies to the United States after years of organizational uncertainty pushed them abroad.
The report said that the committee intends to use its explanatory and admiration powers to update the old rules, which ensures that it does not suffocate entrepreneurs or competition.
In a sharp reflection of the previous SEC correspondent, Atkins said most of the encryption assets are not securities.
He blamed the Howwey test to stop the formation of capital and pledged to provide clearer criteria for classifying digital assets, including commodities, nails, holdings and security -like symbols with governance and distribution rights.
Bernstein said the plan laid the basis for the local symbol of traditional assets such as stocks and bonds.
The report added that SEC wants SEC to build the world’s largest symbolic stock market on American soil.
Read more: Crypto is going on the prevailing and “you cannot return the genie to the bottle”, ” bitwise He says
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