- The dry meeting Jito Labs, Multicoin Capital to discuss the shuttle in ETPs.
- Liquid ignition tokens and partial ignition models offered for ETFs.
- The blockchain association calls for clearer rules and a pro-innovation approach.
The recent dry meetings with the main Crypto companies report a turning point for industry. The punishment for the products negotiated on the stock market (FTE) has become a hot topic for regulatory reform and future growth in the sector.
The dry considers models of stake for ETPs
The Crypto Working Group of Securities and Exchange Commission of the United States (SEC) met the main players in the industry in February to meet the regulatory challenges of the cryptocurrency sector. Discussions have focused on the inclusion of implementation in the products negotiated on the stock market (ETP), the directives for the classification of cryptographic assets and regulatory policies for digital assets.
On February 5, the SEC welcomed representatives of Jito Labs and Multicoin Capital to discuss the inclusion of the clearing in Crypto ETPS. Companies have presented two models to exercise ETPs to improve liquidity and compliance with dry rules. The first model proposed to mark out part of the assets via third -party validators. The second model suggested using liquid jealous tokens (LST) to contain jallant versions of the assets, such as Solana’s jitosol.
Crypto ETPS discussion
The SEC previously expressed its concerns about the implementation of ETPs. The Commission forced issuers to delete the stimulation characteristics of ETHEREUM before approval, by invoking concerns concerning liquidity, tax implications and the classification of intention transactions. and aligned with buyout rules.
Jito and Multicoin have also raised the possibility of using liquid shimmers, which could offer a solution to the liquidity problem. The LSTs are negotiable and are more compatible with the dry buyout rules. The SEC has recognized the potential of the LST but expressed its concerns about how they should be classified under securities and their tax treatment. However, Jito Labs and Multicoin Capital argued that the markup should not be treated as a transaction in securities.
In addition to jealking, the Blockchain Association called for the dry to adopt a pro-innovation approach and to provide clearer directives for cryptographic products. They highlighted the need for uniform standards for brokers, guards and exchanges. The association also urged the dry to examine and correct the problematic interpretations of the laws made by the previous administration.
Pierce to clean “disorder” in cryptographic regulations
The SEC crypto working group, led by Commissioner Hester Peirce, also examines the previous interpretations of securities that may have an impact on the digital asset industry. Peirce called for a “retroactive” examination of the decisions made during the mandate of the former SEC president, Gary Gensler. This review aims to correct erroneous legal interpretations and to clarify the participants in the industry.
New discussions should continue while industry participants are looking for clarity on regulatory executives and the future of cryptographic financial products. The position of the dry on the development of ETPs remains uncertain, but the proposals presented could open the way to more flexibility on the market. The result of these discussions could have significant regulatory implications for cryptographic products.
