"US SEC May Change Its Stance on Cryptocurrency Regulation Under New Administration"

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Uk Jin

Summary

  • It was reported that the US SEC may change its stance on cryptocurrency regulation under the Trump administration.
  • An SEC commissioner stated that William Hinman's speech that Ethereum is not a security was prioritized as a Day 1 agenda.
  • It was conveyed that policy changes emphasizing a positive relationship between the cryptocurrency industry and regulators will be highlighted early in the Trump administration.
Image=Eleanor Terrett X Capture
Image=Eleanor Terrett X Capture

There is an opinion that the U.S. Securities and Exchange Commission (SEC), a leading cryptocurrency regulatory body, may take a different stance on cryptocurrency regulation under the administration of Donald Trump.

On the 18th (local time), Fox Business reporter Eleanor Terrett reported on X (Twitter) that "SEC Commissioners Hester Peirce and Mark Uyeda prioritized a speech by former SEC Director of Corporation Finance William Hinman at the Digital Chamber of Commerce meeting as a Day 1 priority."

William Hinman is expected to give a speech stating that Ethereum (ETH) is not a security.

Additionally, reporter Terrett stated, "The priority list of each SEC department has been organized into a timeline for the first 1-90 days of the new Trump administration, highlighting policy changes that are expected to help the cryptocurrency industry start a positive relationship between market participants and regulators."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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