Paul Atkins, director of the SEC, reiterates that most cryptocurrencies do not qualify as values

The president of the Sec UU. “Project Crypto” It will modernize market standards.

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• Paul Atkins announces in the OECD that “Project Crypto” It will boost crypto platforms with a clear regulatory framework.
• The initiative seeks to eliminate legal uncertainty and attract innovation and capital to the US.
• He reiterates that cryptocurrencies, at least mostly, do not qualify as values.
• Legislators advance in standards on Stablecoins and market structure during Trump’s second mandate.

In a key speech before the Organization for Economic Cooperation and Development (OECD), The president of the United States Stock Exchange and Securities Commission (SEC)Paul Atkins, reaffirmed that “Most crypto tokens are not values”, and that the agency advances in guidelines that favor the industry providing more clarity on certain issues.

Atkins emphasized that entrepreneurs and investors must be able to raise capital in Blockchain “Without endless legal uncertainties” and raided the way for platforms of “Super -apps” negotiation that increase the “Choice for market participants.” He also called other countries to promote the confidence of investors and dynamic markets in their jurisdictions, while the US releases the potential of digital assets.

“Project Crypto” and the regulatory transformation

The initiative “Project Crypto”part of President Donald Trump’s efforts to convert the United States into the “Crypto capital of the world”, It seeks to modernize the rules and regulations of securities to allow markets to operate in the network.

Atkins explained that this includes offer clearer guidelines on “Value status” of cryptoactive and open the door so that negotiation platforms can offer trading, loans and staking services “Under the same regulatory umbrella.”

The change occurs in the middle of a turn in the regulatory strategy towards cryptocurrencies during Trump’s second mandate. This summer, the Congress approved the first substantial legislation on Stablecoins and has advanced in a bill of market structure called Clarity, that would define whether Sec wave Basic Product Future Trade Commission (CFTC) is the authority responsible for market supervision.

Rupture with the previous administration policy

Atkins criticized the campaign “ineffective” of the Joe Biden government against cryptocurrencies, noting that “The SEC had used its faculties for research, citation and application to hinder the crypto industry”. According to the agency director, That approach was harmful, since “He expelled jobs, innovation and capital abroad” and forced US entrepreneurs to spend fortunes in legal defense instead of their business.

In his words, “That chapter belongs to history.” The president of the Sec advocated a “Minimum and effective dose”Regulation to protect investors, praising the Crypto Working Group of the agency, led by Commissioner Hester Pierce, for her efforts to clarify the rules for ecosystem actors, including token and staking.

A new era of financial innovation in the US.

The objective declared by Atkins is “Unleash a golden age of financial innovation on American soil.” He mentioned that SEC wants progress, from tokenized registration books to new classes of assets, “They are carried out in US markets, under US supervision, for the benefit of US investors.”

The SEC and the CFTC They announced a round table for September 29, in which the return of “Innovative products” as perpetual contracts and decentralized finance (Defi) to the United States. This inter -institutional cooperation aims to integrate emerging products under coherent supervision and offer a competitive regulatory environment against other jurisdictions.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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