- Dry referred to a softer position on the regulation of cryptography under the presidency of actor Mark Uyeda
- The appointment of Paul Atkins has aroused hopes for lighter and pro-Marche digital asset rules
The evolutionary landscape of the cryptography market has revived the debates on the best way to regulate trading in digital assets. Especially since the SEC signals a gap with respect to its previous position.
The recent appointment of Paul Atkins – whose regulatory opinions contrast strongly with those of former president Gary Gensler – has only made new speculations.
The president of the acting dry calls for temporary fixes
In the middle of this backdrop, the president of the acting sec, Mark Uyeda, proposed the idea of a temporary regulatory framework during a round table held on April 11. He brought together major players in the industry such as Coinbase, Uniswap Labs, Falconx and representatives of the NYSE.
The session, entitled “Between a block and a difficult place: sewing regulation for crypto trading”, marked the second in a five -part series aimed at remodeling the surveillance of cryptography.
Noticing on the same, Uyeda, said,
“While the Commission strives to develop a long-term solution to solve these problems, an exemption framework exempt conditional limited in time for registrants and non-inscriptions could allow greater innovation with blockchain technology in the United States in the short term.”
Does this point out a change in regulatory adhesion of peopleler?
Needless to say, Uyeda and the dry indicate a change from the hard position of the previous administration on the crypto.
Previously also, Uyeda had suggested reviewing a controversial proposal from the Biden era which imposed more strict cryptography rules on investment advisers. At the time, he cited the concerns of the industry concerning his wide range.
Consequently, speaking to a dry round table with Coinbase leaders, Uniswap Labs and Cumberland DRW, Uyeda underlined the need for a temporary solution. While being a long -term solution.
He also warned against fragmented state by state regulations which could lead to a patchwork of incoherent rules.
Other leaders and their regulatory POVs
Meanwhile, voices like Dave Lauer d’Urvin Finance push urgent clarity that the dry or the CFTC had to direct or not the surveillance of cryptography.
Lauer said,
“I noticed that the Gazon War, the intestine struggles, the constant question of who should regulate what caused investors directly.”
Consequently, while the SEC sails the growth of calls for clearer surveillance of cryptography, all eyes are now turning to Paul Atkins – President Trump’s candidate to lead the agency.
Known for its pro-market position, Atkins has promised to provide a more “rational” and “coherent” regulatory framework to cryptographic space.
“An absolute priority of my presidency will be to work with my colleagues commissioners and the congress to provide a firm regulatory basis for digital assets thanks to a rational, coherent and based on principles.”
What could be more?
In particular, the CEO of Ripple, Brad Garlinghouse, also recognized during a 60 -minute interview that leadership changes within the SEC could mark a turning point for industry.
“We did not ask to be deregulated. We asked to be regulated. Our goal is simply to write rules. ”
Therefore, with a new chair on the horizon, stakeholders are waiting for the way Atkins’s approach could reshape the future of regulations on digital assets.
