The US Securities Regulator is working on “an exemption from innovation” to create more products and services, according to the head of the Securities Committee and Stock Exchange Paul Atkins.
Atkins, previous encryption compression groups, He said During a round coding table on Monday, led by a SEC’s encrypted workplace entitled Defi and the American spirit he directed to employees to look at a framework for conditional exemption.
Exemptions can be accelerated from innovation
These temporary exemptions would reduce companies from specific regulatory requirements to enhance innovation in the emerging technical sectors, provided that they meet certain circumstances.
Atkins said it would accelerate the process of providing ONSAIN products and services to the market, while SEC employees consider adjustments to the committee’s rules and regulations.
“The exemption from innovation can help achieve President Trump’s vision to make America the planet’s encryption capital by encouraging developers, businessmen and other companies that want to comply with certain conditions for innovation with Unation technologies in the United States,” he said.
At the same time, Atkins said that he asked the employees to consider whether the amendments to the committee’s rules and regulations will provide a required residence for exporters and brokers who seek the administration. Unhavin Financial Systems.
He said: “Most of the current securities rules and systems are based on organizing exporters and mediators, such as the mediator, advisors, exchange and clearing agencies.”
“It is possible that the two bases and regulations are likely to think that the code of self -implementation may replace these exporters and mediators.”
The encryption framework is still a continuous work
The agency’s encryptic work team was launched on January 21 by the President of SEC Mark Oida, which was assigned Create an applicable coding framework For the agency.
On June 3, Atkins revealed notes on the sub -committee of the Senate’s credits on the financial services that SEC will refine Encryption policies And avoiding the formation of its rules through the courts.
He appeared before the legislators on May 20 and said The encryption workplace It will launch it The first report in the next few months.
A new approach in SEC
During the TV round on Monday, Atkins also The previous administration struck Under the former SEC president Gary Ginsner and his approach to Crypto.
I was severely criticized by the encryption industry to create policy through lawsuits and legal settlements instead of setting rules.
Related to: SEC receives the alleged fraud of $ 100 million
Since Gensler resigned on January 20, SEC has adopted a different approach to Crypto, He refused to enforce long -term Procedures against encryption companies.
SEC staff also issued instructions on More common encryption activitiesThey say they do not violate the laws of securities, as well as information on how Federal securities laws can apply To encryption.
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