The U.S. SEC appears set for a significant shift in its approach to cryptocurrency regulation, potentially starting as early as next week, as President-elect Donald Trump takes office.
What Happened: Reuters reported that key Republican commissioners, Hester Peirce and Mark Uyeda, are planning to initiate a series of actions that could dramatically alter the regulatory landscape for digital assets.
The underlying reason for this shift is clear: a philosophical change in how the SEC views the industry, moving away from a perceived “crackdown” to what seems to be a potentially more accommodating stance.
Peirce and Uyeda, both known for their pro-crypto views, are reportedly considering steps to establish clearer guidelines on when a digital currency is classified as a security.
This is crucial because the classification determines which regulations apply, something that has been a major point of contention and confusion within the crypto industry.
Furthermore, …
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