The Crypto Working Group of Securities and Exchange Commission (SEC), led by Hester Peirce, continued to respond to representatives of digital asset companies while the agency explores regulatory changes.
In an opinion of April 24, the SEC working group revealed a meeting with representatives of the Crypto Ondo Finance and law firm Davis Polk and Wardwell to discuss “the delivery and sale of wrapped and tokenized versions of American titles listed on the stock market”. Ondo Finance made a donation of $ 1 million to the inauguration fund of Donald Trump, and the law firm announced on April 22 that it would represent the social media company of the American president, TRUTH social, to launch negotiated funds on the stock exchange linked to the crypto.
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According to the request for a meeting, Ondo Finance plans to discuss the registration requirements of token securities, compliance with financial laws and potentially launch a regulatory sandbox. Cointtelegraph holded out the company to comment but did not receive a response at the time of publication.
The April 24 meeting was the last of the awareness of the dry crypto working group after the departure of former president Gary Gensler. The former commissioner and appointed by Trump, Paul Atkins, took the level of leadership at the agency on April 21 after his escentation ceremony, but has not yet acted on his proposed crypto program.
In relation: Chiliz meets the working group on the dry crypto in the middle of the back -to -school plans of the American market
Continues to raise awareness of industry under a new president of the dry
On April 25, the Crypto Task Force will organize a round table to discuss guard, including representatives of Kraken, Digital Bank, Wisdomtree and others. Following the approval of the negotiated funds in exchange for crypto in 2024, many financial institutions experienced a request for a care of digital assets in the United States.
We do not know what can be the intentions of the dry with regard to the continuation of cases of application of cryptography under Atkins. The Commission said it will continue the cases involving a fraudulent activity, but abandoned a complaint against the hexadecimal founder Richard Heart on April 21.
The agency has already announced that it would stop investigations or prosecution against many companies, including Ripple, Coinbase and Kraken. The three exchanges donated or had executives who supported the Trump inauguration campaign or inauguration fund in 2024.
Review: Trump crypto companies raise conflicts of interest, initiate negotiation issues
