SEC re -adjusts its encryption relationship

The US Securities and Stock Exchange Committee is looking to reset its relationship with the encryption industry, even before the confirmation of a permanent chair by Congress. The last effort was the round table on Friday, which was hosted at the SEC headquarters in Washington, DC, and includes dozens of lawyers who represent different views and positions in the encryption industry.

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Narration

SEC began to reset SEC when he was launched by Acting Chief Mark Uida, an encryption workplace and supervised his agency withdrawing the employees ’bulletin 121, dropping a number of continuous lawsuits, a few standing and publishing multiple employees’ phrases on how the agency looked at Memoquins and proves mining.

Why do it matter

It can be said that SEC is the most important federal organizer in Crypto at the present time. While its sister’s agency, the commodity futures trading committee, may be the organizer who may one day oversee the markets of encryption sites, and it is now SEC, which most companies in the sector are looking for guidelines about what they can do exactly.

Shatter

The round table is divided into two parts (three, if you calculate the preliminary notes from the three commissioners): a discussion for about 90 minutes, led by the former Badedes founder of Predes founder, the founder of Toy Predes, and a 90 -minute town hall, is still moderate by Predes but includes questions from the general public.

You can read CoINDESK coverage for her barrier In this link.

Although the central question during the discussion was – as it was years ago – when and how exactly the treatment of encryption or encryption, the committee members did not touch everything starting from the role of encryption in strengthening a ransom to how the companies work exactly.

Chris Bromer, CEO of BluPrynt and Professor in Georgetown Law, has opened the discussion with his analysis of what Howe Test really means: We say mainly when you have savings, there is an issue of investor protection. The joint projects that we all get to know are to address a type of problem. “

“It really goes only to the lack of consistency of information, then the issue of profits goes to the psychology of the investor, greed and fear, and the types of things that can distort decisions,” he said. Essentially, when you have all these factors together, you have a dedicated disclosure [rule]”

Sarah Brennan, General Adviser to Delphi in Venters, said that the approach of the Supreme Education Council had limited a number of encryption projects. Although many encryption projects are aimed at a wide initial distribution, “Securities Applications Applications” means that many projects are behaving like that they will publicly issue more than embracing encrypted aspects in their projects.

She said: “We see more and more distinctive symbol is the product … There are different ways that people support the price artificial, as I said, as I say, somewhat in the market.”

“The economic reality of treatment” is very important.

“However, you want to look at it, the people who buy encryption are not university students,” he said. “We all know that they are investors, and SEC’s mission is to protect investors.”

It remains to see how the efforts of the Supreme Education Council will continue, but the agency plays a more active role in dealing publicly with these questions and the industry appears to respond. The SEC Hall was about three quarters, sometimes full, saying something about anyone who was seized in the live broadcast.

• While Congress talks about the draft encryption that shakes the land, the organizers are already working: Jesse Hamilton noticed in this analysis that occurred in the SEC mining statement in SEC, SEC’s reputation update, SEC’s reputation update and SEC’s update.
• SEC says SEC says:: The agency said in a statement to the employees that the combined and individual mining in favor of work is outside the jurisdiction of the Supreme Education Council.
• The American Banking Agency cuts “reputation risks” from exams after the encryption sector cited problems: The “reputable risk” financial observer office said from the descent supervisory booklet on Thursday.
• XRP Zooms 10 %, says Garinghouse says that SEC falls against Ripple: The CEO of Ripple Garlinghouse said that SEC has agreed to drop its appeal to the issuance of the July 2023 ruling, who said that Ripple does not violate federal securities laws in selling XRP to retail investors by making it available through the stock exchanges, and that the same issue is close to the end.
• The digital chamber gets a new president, where Washington’s coding compressors adopt friendly friendly: The founder of the digital chamber and CEO of Peryan Potor will step down next month and become the chairman of its board of directors. The head of the lobby organization, Cody Carbon, will take over as CEO.
• Bithumb’s encryption was raided by South Korean prosecutors on diabetics of embezzlement: Report: South Korea’s general prosecutors launched an investigation of encryption, in search of embezzlement allegations.
• Inside Pump.fun to control Solana Defi Trading: POMP.fun launches a symbolic swap service in an attempt to get a slice of drawings created by automated market makers on Solana.
• The founder of the Jottebit Alexei Andonin is called fraud in the wire, and the manipulation of the market: Alexei Andionin, the Russian citizen who told Keundsk in 2019 that he has managed a commercial service for washing to make encrypted currencies seem to have more liquidity and market markets more than that, and he admitted that he was guilty of manipulating the market and fraud in wires in a call deal.
• Nasdak shifting to shares partly around the clock due to encryption, says Exchang Executive: NASDAC and New York Stock Exchange work at least a clock at least partially due to the trading of encryption already around the clock, said Giang Bui in Nasdak.
• SEC Paul Atkins president to face the Senate Committee next week: SEC Paul Atkins and Financial Observer Candidate Jonathan Gold will face the Senate Banking Committee for their assertion session next week.
• The US government removes hurricane criticism sanctions: A few months after the Court of Appeal biting in the fifth district that the Ministry of Treasury Office to Combat Foreign Assets could not punish smart contracts, OFAC removed its penalties against Crypto Mixer Tornado Cash.

Tuesday

• 15:30 UTC (11:30 AM EST)) The Federal Judge who supervises the issue of the US Department of Justice against the founders of Samurai held a listening session at the status conference in the case. Based on my colleague, Shayan Legon, who attended, the 7 -minute session took some procedural matters, but she did not go into the essence of the case.

Thursday

Friday

• 17:00 UTC (1:00 pm EST time) The US Securities and Stock Exchange Committee held a round table with legal experts from the encryption industry and SEC employees.

• ((Reuters)) Another bird of bird flu – this time H7N9 – the United States has been struck for the first time since 2017. This is in addition to the continuous H5N1 epidemic.
• ((CNN)) Stephen Gardner, CEO of Amtrak, said he will step down from the leadership of the semi -transit company in the White House.
• ((Bloomberg)) Coinbase is equipped in advanced conversations to acquire Deribit derivatives, Bloomberg said, after that Coindsk reports last month The stock exchange was interested in the company.
• ((Wireless)) A previous dead employee wrote a book about her experience in the company and Meta will become everything to reduce its distribution. Since then, the important people have risen to become Books selling On the Amazon.
• ((Bloomberg)) Bloomberg set the role of Democrat in New York Kirsten Gilbrand in pressuring the Senate encryption legislation.
• ((Politico)) The Trump administration plans for the US Agency for International Development include its reform[ing] Blockchain technology to secure transactions, “although this obtained document does not include much details.” All distributions will also be secured and tracked via Blockchain technology to radically increase security, transparency and track, ” The document says. If you are one of the individuals who press for Blockchain integration with the American government, Let’s talk.
• ((Guardian)) The Trump administration has delivered more than 200 men from the Venezuelan origin To Al -Salvadouri Prison, It is possible that it is a violation of the court order And without holding any sessions or experiments. While the administration said in public statements that all 238 men had ties with the Tren De Aragua gang, which in turn was heading from the Venezuela government, officials in the court documents said that many people who traveled to El Salvador said He had no criminal records. Family members of many of these individuals say they were not criminals and had no gang ties. Some individuals According to what was reported, the deportation papers were expected to be transferred to Venezuela. US intelligence agencies also found that TDA was not linked to the Venezuelan government, I mentioned the Times.

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See next week!