The SEC: We have no plans to deal with Bitcoin or Crypton in 2021
The Office of Information and Regulatory Affairs last week published the Regulatory Action Agenda for 2021. This document details "the actions that administrative agencies intend to issue in the short and long term", which provides " important public notice and transparency on the proposals for regulatory and deregulation actions within the executive branch ”, explains the accompanying announcement.
Included on the agenda is the US Securities and Exchange Commission (SEC) "annual regulation program", announced by the agency independently, clarifying:
The report, which includes related contributions to the Securities and Exchange Commission, lists the short- and long-term regulatory actions that government agencies plan to take.
Some of the items the SEC will consider include disclosures related to climate risk, board diversity, and beneficial ownership and trading. The SEC will also focus on SPAC related rules and short selling disclosure reform. The full list can be found here, and it's really extensive, so much so that we'll definitely talk about it later, but it's also surprising, because it completely ignores an industry of advanced finance.
So the SEC's agenda for 2021 is very “Gender – Woke” and “Green”, but there is no mention of virtual currencies, Bitcoin, or DeFi . SEC Chairman Gary Gensler commented, "To fulfill our mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation, the SEC has a lot of regulatory work to do," but it has forgotten what means. world requires greater regulation of virtual currencies. Forgetfulness or, simply, have we realized that the anarchic and elusive world of cryptocurrencies on the one hand creates wealth, but on the other hand it is very difficult to regulate with classic tools?
Meanwhile, for now, better this way.
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The article The SEC: we have no plans to deal with Bitcoin or Crypton in 2021 comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-sec-non-abbiamo-in-programma-di-occuparci-di-bitcoin-o-criptonel-2021/ on Fri, 18 Jun 2021 08:00:55 +0000.