crypto regulation in change: SEC under Mark Uyeda eliminates strict storage rule and relies on innovation

Von Krypto News Österreich

Die amerikanische Securities and Exchange Commission (SEC) befindet sich an einem Wendepunkt in ihrer Herangehensweise an die Krypto-Regulierung. Unter der Leitung des amtierenden Vorsitzenden Mark Uyeda wird die umstrittene Aufbewahrungsregel, die zuvor von Gary Gensler, dem ehemaligen Vorsitzenden der SEC, vorgeschlagen wurde, erneut überprüft. Dies könnte erhebliche Auswirkungen auf die Krypto-Branche haben. ### Strikte Regeln möglicherweise vom Tisch Der Vorschlag, der vor zwei Jahren eingeführt wurde, verpflichtete Anlageberater, Krypto-Vermögenswerte ausschließlich bei anerkannten Verwahrstellen wie Banken zu hinterlegen. Diese Regel stieß auf erhebliche Widerstände aus der Branche, da sie als Hemmnis für Innovationen angesehen wurde und kleinere Akteure benachteiligte. Uyeda hat …
The American Securities and Exchange Commission (SEC) is at a turning point in its approach to crypto regulation. Under the direction of the incumbent chairman Mark Uyeda, the controversial retention rule, which was previously proposed by Gary Gensler, the former chairman of the SEC, is checked again. This could have a significant impact on the crypto industry. ### stricts may regulate the proposal, which was introduced two years ago, obliged investment advisors to store crypto assets exclusively with recognized storage points such as banks. This rule encountered considerable resistance from the industry because it was regarded as an obstacle to innovations and disadvantaged smaller actors. Uyeda has ... (Symbolbild/KNAT)

The American Securities and Exchange Commission (SEC) is at a turning point in its approach to crypto regulation. Under the direction of the incumbent chairman Mark Uyeda, the controversial retention rule, which was previously proposed by Gary Gensler, the former chairman of the SEC, is checked again. This could have a significant impact on the crypto industry.

### Stricts may regulate from the table

The proposal, which was introduced two years ago, obliged investment advisors to store crypto assets exclusively with recognized storage points such as banks. This rule encountered considerable resistance from the industry because it was regarded as an obstacle to innovations and disadvantaged smaller actors. Uyeda has now recognized that this rule may be too wide and restrictive, which makes it an obstacle rather than a solution. As a result, he instructed the Sec to actively look for alternatives, in close cooperation with the crypto-task force. The prospect is even the full retreat of this measure, which would be seen as a great success by the industry. The goal is to create regulation that guarantees both the protection of investors and does not hinder innovations in the crypto sector.

### Change of course under Trump

The new, flexible course of the SEC is closely linked to the change of political power in Washington. Gensler resigned on Donald Trump on the day of the office, and since then the tone has changed significantly in terms of crypto regulation. While the bid administration implemented strict rules and enforcement measures, the Trump government is pursuing a different approach. Instead of a hard, enemy attitude, the new leadership relies on cooperation with the industry. This enables a review of controversial rules, such as the extended definition of "Exchanges" and the mandatory accounting rules for crypto assets that may be completely eliminated.

During his political campaign,

Trump emphasized that he wants to make America the world's “crypto capital” in the world. This ambitious goal seems to become more and more tangible due to the recent political changes and strategic measures.