The U.S. Securities and Alternate Fee (SEC) has launched its regulatory agenda which doesn’t point out bitcoin or cryptocurrency regulation.
Bitcoin, Cryptocurrencies Not on SEC’s Newest Regulatory Agenda
The Workplace of Info and Regulatory Affairs launched the Biden administration’s Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions final week. It particulars “the actions administrative businesses plan to problem within the close to and long run,” which supplies “necessary public discover and transparency about proposed regulatory and deregulatory actions inside the Government Department,” the accompanying announcement explains.
Included within the agenda is the U.S. Securities and Alternate Fee (SEC)’s “annual regulatory agenda,” the company independently introduced, clarifying:
The report, which incorporates contributions associated to the Securities and Alternate Fee, lists short- and long-term regulatory actions that administrative businesses plan to take.
A few of the objects the SEC will take into account embody disclosures referring to local weather threat, company board variety, and helpful possession and swaps. The SEC may even concentrate on guidelines referring to SPACs and quick sale disclosure reform. The total record may be discovered right here.
SEC Chairman Gary Gensler commented: “To satisfy our mission of defending traders, sustaining truthful, orderly, and environment friendly markets, and facilitating capital formation, the SEC has loads of regulatory work forward of us. I look ahead to collaborating with my fellow commissioners and the devoted employees to suggest and finalize guidelines that can strengthen our markets, improve transparency, and safeguard traders.”
Whereas bitcoin and cryptocurrency will not be on the SEC’s regulatory agenda this yr, Gensler has been speaking about the necessity to defend traders and regulate cryptocurrency exchanges.
Final month, the chairman urged Congress to go cryptocurrency laws to guard traders, including that cryptocurrency exchanges wanted extra regulation. As well as, the SEC cautioned traders about funds buying and selling in bitcoin futures final week. Thus far, the company has introduced 75 crypto-related enforcement actions. In the meantime, a rising variety of corporations are searching for approval to commerce bitcoin exchange-traded funds (ETFs).