Last week was decisive for the regulation of American cryptography, marked by high -level round tables, new probes and bold policy proposals. While the tone of the regulators has suggested greater cooperation than in the years, uncertainty is still looming on the guard, compliance and the road to the token capital markets. Here is a ventilation of the main developments shaping the environment of regulating cryptography.
The president of the Commission for Securities and Exchange (SEC), Paul S. Atkins, rejected speculations on a merger between the SEC and the Commodity Futures Trading Commission (CFTC).
Speaking at the Dry joint round table – CFTC, ATKINS stressed that agencies continue “harmonization, not the merger”, which clearly indicates that everyone will retain their independence while working together on cryptographic surveillance.
The House Republicans launched an investigation into the deletion of almost a year of text messages from the former SEC president, Gary Gensler.
The investigation raises questions on transparency, the holding of files and if peopleler has received preferential processing when his phone issued by the SEC was suffered later that the policy dictated. The survey follows the report of an Inspector General citing the gaps in the IT processes and compliance of the agency.
The SEC has given the long -awaited clarity to investment advisers and funds seeking to have digital assets. In a letter issued by the investment management division, the agency has confirmed that the trust’s trust companies can temporarily serve as cryptographic guards, effectively treating them as “banks” under existing federal laws.
This decision gives the industry a short -term certainty but leaves unresolved longer -term questions.
The CFTC commissioner Caroline Pham said that the longtime rivalry between the SEC and the CFTC was officially completed. At the joint round table, Pham called the “historic” moment and stressed that cooperation is now the priority. Polymarket, Kraken and Kalshi industry leaders joined regulators to describe harmonization efforts and political priorities.
In perhaps the most daring development of the week, the SEC would work on a framework to allow American actions to negotiate blockchain rails. The proposal would see actions of companies like Apple, Tesla and Nvidia represented as digital tokens, reflecting the mechanics of cryptographic trading.
While companies and fintech exchanges welcomed the idea, the traditional Wall Street institutions repel, disturbing the disturbances of the current market structure.
Read the Crypto Regs Roundup of Crypto Weekly: Sec – CFTC Talks of harmonization, text probe people and push for token stocks from Tanzeel Akhtar in Cryptonews.com
