Scan to download
BTC $68,112.87 -0.53%
ETH $1,974.40 -2.04%
BNB $631.55 -0.64%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $442.29 +0.09%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $68,112.87 -0.53%
ETH $1,974.40 -2.04%
BNB $631.55 -0.64%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $442.29 +0.09%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

chairman

The SEC Chairman signals the direction of cryptocurrency regulation: clarifying the investment contract framework and promoting innovation exemptions and rule-making

The official website of the U.S. Securities and Exchange Commission published a speech by Chairman Paul Atkins at the ETHDenver conference, outlining the agency's direction on cryptocurrency regulation, which mainly includes:Clarifying the "investment contract" framework: The Commission will study and publish a framework that clarifies under what circumstances crypto assets constitute investment contracts, as well as their formation and termination mechanisms.Innovation exemptions: Considering the establishment of innovation exemptions that allow for pilot trading of certain tokenized securities under restricted conditions, including limited trading on new platforms such as automated market makers, to accumulate experience for a long-term regulatory framework.Advancement of rules and guidance: Plans to initiate or advance rulemaking on topics such as financing pathways for crypto assets, broker-dealer custody for non-securities crypto assets (including payment stablecoins), and modernization of transfer agent rules; and continue to provide clarity for non-registration scenarios such as wallets and user interfaces through no-action letters and exemption orders.Regulatory philosophy: Paul Atkins emphasized that regulators should not react to short-term price fluctuations. The responsibility of the U.S. Securities and Exchange Commission is to ensure adequate information disclosure and clear rules, allowing market participants to make decisions in a transparent environment, rather than "supporting prices."

U.S. SEC Chairman: Predicting the market is a "huge issue," legal scrutiny is intensifying

According to The Block, Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated at a Senate Banking Committee hearing that prediction markets are a "huge issue" and a regulatory focus he shares with Commodity Futures Trading Commission (CFTC) chairman Michael Selig.Atkins pointed out that prediction markets have "potential jurisdictional overlaps," currently primarily governed by the CFTC, but the two agencies will work together. When asked if clear rules would be established, he said "we'll have to wait and see," and noted that "a security is a security, and the definition of prediction markets and their products depends on specific wording." CFTC chairman Selig stated that he would ensure "reasonable rules and protections" are established for prediction markets to prevent them from being pushed overseas.The jurisdiction over prediction market regulation has become a contentious issue between federal and state governments. Operators argue that under the Commodity Exchange Act, all event contracts should be exclusively governed by the CFTC; while some states believe that the relevant platforms involve activities like sports betting, violating local gambling laws. Prediction markets have also recently come under additional scrutiny due to insider trading allegations and restrictive legislation targeting political betting.

The chairman of the U.S. CFTC appoints several executives from cryptocurrency companies to join the 35-member Innovation Advisory Committee

According to The Block, Michael S. Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the establishment of an innovation advisory committee consisting of 35 members, with several executives from the cryptocurrency industry appointed.Selig stated that the committee will assist the CFTC in developing a regulatory framework regarding the role of "breakthrough technologies" such as artificial intelligence and blockchain in financial markets, ensuring that its decisions reflect market realities and establishing clear rules for "a golden age of American financial markets." The committee members include representatives from blockchain projects, such as Vivek Raman from Etherealize, Anatoly Yakovenko from Solana Labs, Brad Garlinghouse from Ripple, Sergey Nazarov, CEO of Chainlink Labs, and Hayden Adams, CEO of Uniswap Labs.In terms of centralized exchanges, executives from Bullish, Coinbase, Crypto.com, Gemini, Kraken, Bitnomial, and Robinhood are included. Shayne Coplan, founder of the prediction market platform Polymarket, and Tarek Mansour, founder of Kalshi, have also been appointed. Chris Dixon from a16z crypto, Vance Spencer from Framework Ventures, and Alana Palmedo from Paradigm are also on the list. The committee also includes representatives from traditional financial institutions such as Cboe, CME, DTCC, Nasdaq, and options clearing companies.
app_icon
ChainCatcher Building the Web3 world with innovations.