PANews reported on October sixteenth that in accordance to The Block, U.S. Securities and Change Fee (SEC) Chairman Paul Atkins hopes that innovation in the cryptocurrency trade will flourish because the SEC prioritizes its oversight and explores regulatory paths. On the Washington, D.C. Fintech Week on Wednesday, he reiterated that cryptocurrency and tokenization are the SEC’s “high priorities,” stating that a strong framework will likely be established to appeal to expertise coming back from the USA whereas additionally fostering a sound framework to promote innovation. He even half-jokingly referred to the SEC because the “Securities and Innovation Fee.”
Atkins additionally talked about plans to introduce progressive exemptions, aiming to create “tremendous apps” that may carry collectively a number of regulators targeted on cryptocurrency. He questioned why corporations would wish to register with a number of companies if everybody shared the identical purpose. The federal government shutdown, now in its second week, has stalled the SEC’s work. Earlier this month, Congress failed to attain a funding settlement, main to unpaid furloughs and important restrictions on federal company operations.
