"US SEC Acting Chairman Efforts to Exclude Crypto Companies from Exchange Regulation Scope"
JH Kim
Summary
- Mark Uyeda, Acting Chairman of the US SEC, emphasized efforts to exclude virtual assets from the exchange regulation scope, according to reports.
- The SEC has been preparing a proposal for years to expand the scope of exchanges requiring institutional registration, which includes virtual assets.
- Acting Chairman Uyeda called this attempt a mistake and requested staff to prepare a new approach that removes virtual asset-related content.
According to cryptocurrency specialist media Coindesk on the 10th (local time), Mark Uyeda, Acting Chairman of the U.S. Securities and Exchange Commission (SEC), emphasized that virtual assets (cryptocurrencies) should not have been included in the proposal to expand the scope of regulated exchanges.
According to the media, the SEC has been preparing a proposal for years to expand the definition of exchanges that require institutional registration and supervision, which includes cryptocurrency businesses.
Regarding this, Mark Uyeda explained, "This attempt is a mistake," and "I have asked staff to prepare a new approach that removes virtual asset-related content from the proposal."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
