The US Securities and Exchange Commission has been working to create a “change of change” that will alleviate the approval of digital-asset products by the end of the year, the SEC Chair Paul Atkins said Tuesday.
In an interview with Fox Business, Atkins said Anchor Maria Bartiromo said the SEC is working on “deciding in the coming months.”
We are looking for a change in change – to try to get that by the end of the year. “
A “change in change” will work as a carve-out regulation, providing temporary relief of crypto companies from older security Laws To launch new products under lighter administration as the SEC develops specialized regulations.
Atkins talked a question about the recent approval of the first Multi-Asset Crypto Exchange-Traded Product (ETP) In the United States. Launched on Friday, the product gives investors accessing Bitcoin (Btc), Ether (Eth), XRP (XRP), Solana (Sol) and cardano (Ada).
The Grayscale Crypto Fund has been launched under recently -No SEC announced GENERIC GOVERNMENT GUIDELINESwhich reduces approval times for ETFs under Rule 6C-11.
According to Atkins, the new criteria on the list are “another example of how we can meet.” This is not just a type of ad hoc approach. We try to give the market some kind of stable platform where they can introduce new products. “
Atkins advocates for crypto change
Atkins, Swear As a seat in April, it became a voice proponent of digital assets and changes in the financial industry.
On July 31 he announced the launch of “Project crypto” – an initiative aimed at modernizing security rules and regulations CryptoAnd to help “Enable American financial markets move to the chain.”
In August, speaking at the Wyoming Blockchain Symposium at the Jackson Hole, he told an audience that there Very few security tokensAlthough “it depends on what the package is around it and how it is sold.”
The statement is a sharp removal from his predecessor, Gary Gensler, who has maintained under the SEC application of Howey Test, most digital possessions should be treated as security.
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