The new boss of the Sec Paul Atkins rebats Crypto regulation cards in the United States. Exit the stick strategy and places a unified and more predictable framework. We give you all the details in the following paragraphs.
In short
- The dry now considers that the majority of tokens are not financial titles.
- A unique framework project aims to regulate trading, Lending and Staking Crypto via all-in-one platforms.
The sec turns the page of all-over
The President of the SEC now considers that the majority of crypto-actives do not fall under the category of Securities. Paul Atkins has indeed opened his Intervention at the OECD in Paris With a strong promise: no more regulation with fear.
A Declaration that shakes up the practices in place. So far, the SEC has indeed multiplied legal proceedings, often perceived as arbitrary. Platforms like Coinbase and Ripple have paid the price.
With this change of tone, Atkins wishes to restore A clear and predictable regulatory framework. Besides, his message aims for markets as much as the legislators.
Objective: a super-frame for Crypto super-apps
The dry is currently preparing a magnitude reform under The “Project Crypto” label. It aims to bring together in a single framework the activities of:
- trading;
- ready ;
- digital asset stoking.
It would therefore be a kind of “unique rule” which would allow crypto platforms to adopt a super-App-type architecture, like Asian giants. They could notably offer all their Services under a common license. Multi-format care solutions would also be better supervised, without braking innovation.
Atkins also greets European regulatory choices. He evokes as an example the mica frame deemed more coherent and structured than current American texts. At the same time, he clearly emphasizes that the ambition of the dry remains the same: to protect investors. He nevertheless pleads for an “minimum effective dose” of regulation. In other words, avoid duplicates and unnecessary bureaucratic charges that benefit large established players, to the detriment of young projects.
His speech therefore opens the door to international cooperation, with a more aligned vision on the practices of other jurisdictions. It remains to be seen whether this orientation will appeal to other regulators as well as the large banks, still suspicious.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
