Since taking office, there have been no executive orders related to crypto assets, but the Securities and Exchange Commission (SEC) has established a new task force (TF) dedicated to crypto assets.
This is the result of the US's actions becoming more serious. ▽ US SEC launches virtual asset task force... aiming to clarify regulations MARK Ueda, acting chairman of the US SEC, posted on his official homepage on the 21st (local time).
The TF will be tasked with creating a clear regulatory framework for crypto assets.
The person leading the TF is SEC Commissioner Robert G.
Hester Pierce, a former SEC Chairman Gary Gensler, was selected as Commissioner. Pierce was the former SEC Chairman when the SEC was in charge of determining whether certain crypto assets were securities or not.
The SEC has made clear its opposition to filing lawsuits against companies. In March of last year, it said, "The SEC is filing meritless lawsuits against certain cryptocurrencies, claiming they are unregistered securities years after they first appeared."
Last month, he also emphasized that the new SEC under the Trump administration must work with cryptocurrency-related agencies to clarify regulations.
On the same day, the SEC announced the launch of the Cryptocurrency Task Force, stating, "Until now, we have regulated cryptocurrencies through a simple enforcement approach. In the process,
"There was an untested legal interpretation," he said. "The SEC can provide better regulation," he said, adding, "The cryptocurrency TF will operate within a legal framework and will be subject to the same rules as the commodity futures exchange."
"We will continue to cooperate with the Federal Reserve and other agencies, including the Commission on Trade and Forex Trading (CFTC)," he added.
As cryptocurrency-related regulations are expected to become clearer, the SEC's indiscretion against cryptocurrency companies is likely to increase.
The number of lawsuits is also expected to decrease. The SEC, which was previously led by former Chairman Gary Gensler, has announced that it will begin prosecuting some of the most well-known crypto assets, including Currency Exchange (ADA) and Polygon (MATIC), in 2023.
The company has also filed lawsuits against large exchanges such as Coinbase and Kraken for allegedly facilitating unregistered securities transactions by supporting the trading of these cryptocurrencies.
It is predicted that such legal battles will not occur in the future. This will create an atmosphere in which cryptocurrency companies that have previously left the U.S. or avoided going to the U.S. will once again choose to enter the U.S.
Crypto.com, a cryptocurrency exchange headquartered in Singapore, launched its institutional trading services in the United States on the 21st (local time), the first day of President Trump's inauguration.
The company appears to be moving forward with its expansion into the U.S. market, as its CEO, Chris Marszalek, met with President Trump at Mar-a-Lago.
Telegram's cryptocurrency project, DeepOpen Network 'TON', is also preparing to enter the US market.
On the 14th, Manuel Stotts, who was appointed as the new president of the Tong Foundation, said in an interview with Cointelegraph that Tong plans to focus on domestic growth during President Trump's term.
"I think there is great potential for the United States to develop as a cryptocurrency hub," he said. Tether, which is promoting the establishment of a corporation in El Salvador, is also considering expanding into the United States.
Tether is the issuer of USDT, the stablecoin with the largest market capitalization. Tether CEO Paolo Ardoino said in an interview with Bloomberg that "we are entering the U.S. market.
"We do not exclude the possibility," he said, "but this must be supported by clear regulations and guidelines."
2025/01/24 11:00 KST
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