Updated to correct that the SEC sent a Wells announcement to uniswap but received no fees.
The US Securities and Exchange Commission (SEC) is considering changes in the principles in an effort to issue firms to be freely token, said Sec -Commissioner Hester Peirce in a speech published on May 8.
The regulatory authority “Consider a possible exceptional ordinance” for firms that use blockchain technology to “issue and supply securities”, which you’d release from certain registration requirements, said Peirce within the speech.
For example, decentralized stock exchanges (Dexs) may not should be registered as a broker dealer, clearing agency or stock exchange, ”said Peirce.
Companies should “not should comply with the inappropriate regulations that in lots of cases exist long before the tested technologies exist and avoided by attributes of this technology,” said Peirce.
Commissioner Peirce described the planned changes in a speech on May eighth. Source: sec
After such an exemption, firms are still expected to comply with the principles to forestall fraud and market manipulations, said the Commissioner. You might also have to fulfill certain requirements for disclosure and records.
Sharp politics speed
The SEC dramatically classified its attitude towards monitoring the cryptocurrency in January within the office of US President Donald Trump.
Under the leadership of the previous SEC chairman Gary Gensler, the agency received 100 lawsuits against crypto firms as a consequence of alleged violations of securities law.
Under the Trump candidate Paul Atkins, who was sworn in as chairman on April 21, the agency accountable for a narrower segment of cryptocurrencies.
In February, the SEC issued guidelines that memo cinema – in the event that they are clearly identified as purely speculative assets without internal value – shouldn’t be considered investment contracts under US law.
In April, the regulatory authority said that stable coins – digital tokens on the US dollar – are usually not qualified in an identical way as securities in the event that they are only marketed as a way of paying payments.
