The US stock and values commission. UU. It is directed towards a year -end objective for their effort so that cryptographic companies push new products under regulator’s supervision, said President Paul Atkins in a Tuesday’s interview at Fox Business.
Atkins Pro-Digital Assets rhetoric is in the brand for its campaign to implement friendly policies for the industry, aligned with the orders of President Donald Trump. Both the SEC and the Basic Products Trade Commission said earlier this month that they are inviting existing registered companies to advance in cryptographic activity and that they should register with any question about how to proceed, and the SEC also published a public agenda that reflects the planned rules on the offer and sale of crypto values, including exemptions and safe ports.
“We are trying to give the market some type of stable platform in which they can introduce new products,” ATKINS said. “We will make a regulation in the coming months. We are looking for an exemption from innovation to try to put it in place for the end of the year.”
Although it suggested a timeline of the end of the year, any regulation process must pass through multiple stages that generally take months of time and require public information.
Last week, the agency moved to allow the exchanges to list the products quoted in the stock market (ETPs) that have spot products, including cryptocurrencies, without requiring the individual review of the agency every time, a generic list standard that will reduce the barriers for new products. The SEC has also been issuing personnel policy statements to act as an informal guidance on their cryptographic opinions, playing various areas such as Memecoins, Mining and Stablcoins. However, these issues would need formal rules approved by the action at the commission level to obtain a firm legal position.
Meanwhile, legislators in Congress, more specifically, the Senate Banking Committee and the Agriculture Committee are working on the last legislation to establish railings in the Cryptography Markets of the United States. The defenders of that bill, which is largely similar to the law of clarity of the digital asset market of the House of Representatives that has already been approved with a wide bipartisan vote, are pointing to more actions of the committee at the end of October.
“I am anxious for Congress to act on this,” Atkins said. While the legislation will clearly define the roles of the SEC and CFTC and the borders between cryptographic values, basic products and other assets, he said since his first days that the agency that can advance in politics without Congress manages.
Read more: The short -term agenda of the US ATKINS PUBLICATIONS agency
