Even the U.S. Securities and Exchange Commission (SEC) has introduced its own regulatory agenda that does not cite bitcoin or even cryptocurrency regulation.
Bitcoin, Cryptocurrencies Maybe not on SEC’s Latest Regulatory Agenda
The Office of Information and Regulatory Affairs published the Biden government’s Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions a week. It particulars”the activities administrative agencies intend to issue from the near future and long term,” that gives”significant public transparency and notice regarding suggested regulatory and deregulatory activities inside the Executive Branch,” the corresponding announcement describes.
Included in the schedule is that the U.S. Securities and Exchange Commission (SEC)’s”annual regulatory plan,” the bureau individually declared, clarifying:
The analysis, including donations linked to the Securities and Exchange Commission, lists short- and – long-term regulatory activities that administrative agencies intend to carry.
A few of the things the SEC will consider include disclosures concerning climate threat, corporate board diversity, and also valuable ownership and swaps. The SEC may also concentrate on principles concerning SPACs and brief sale revelation reform. The entire listing is available here.
SEC Chairman Gary Gensler commented:”To fulfill our goal of protecting shareholders, preserving honest, organized, and effective markets, and facilitating capital formation, and the SEC has a great deal of regulatory effort before us. I look forward to cooperating with all my fellow commissioners along with the committed team to suggest and finalize principles which can fortify our markets, enhance transparency, and protect investors”
Even though bitcoin and cryptocurrency aren’t about the SEC’s regulatory schedule this season, Gensler was speaking about the necessity to safeguard investors and govern cryptocurrency exchanges.
Last month, the chairman encouraged Congress to pass on cryptocurrency laws to shield shareholders, including that cryptocurrency exchanges required further regulation. Additionally, the SEC cautioned investors about currency trading within bitcoin futures a week. Thus far, the bureau has attracted 75 crypto-related enforcement activities. Meanwhile, a rising number of businesses are looking for approval to exchange bitcoin exchange-traded funds (ETFs).
Do you believe that the SEC will approve a bitcoin ETF or inflict new crypto principles this season? Tell us in the comments section below.