Odaily Planet Daily reports that Jim Moloney, head of the SEC’s Company Finance Division, stated that they are working to accelerate the development of regulatory rules. According to Chair Paul Atkins’s priorities, the department will primarily focus on reforming crypto assets. Jim Moloney said that the Company Finance Division is preparing to submit two key proposals to the commission regarding crypto assets: first, providing explanatory guidelines to clarify the classification of crypto assets (Taxonomy) and describing a framework for determining when crypto assets are subject to investment contract constraints; second, developing a reasonable regulatory structure proposal for the issuance and sale of securities constrained by investment contracts. Additionally, the department will continue to provide market clarity through statements and no-action letters. Jim Moloney also mentioned that other ongoing efforts by the SEC include implementing the Holding Foreign Companies Accountable Act (HFIAA), creating a semi-annual reporting option instead of quarterly reports, and reducing regulatory burdens under Regulation S-K, including disclosures related to executive compensation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Prevent foreign infiltration! The UK will ban encrypted political donations, and the Reform Party, which accepts Bitcoin, strongly protests.
UK Prime Minister Rishi Sunak announced a freeze on party cryptocurrency donations in response to money laundering and foreign interference risks mentioned in the Rycroft report. The report highlights that crypto assets are difficult to trace and could become channels for illegal funds. The ban has been incorporated into the Representation Bill, requiring parties to refund any received crypto donations within a specified period. This move mainly addresses the controversy over the UK Reform Party's $16 million donation, with the government emphasizing that protecting democracy takes precedence over financial innovation.
CryptoCity34m ago
David Sacks steps down from his role as White House AI and Crypto Chief.
BlockBeats News, March 27 — According to CNBC, David Sacks announced his resignation from his roles as White House AI and Crypto Director.
BlockBeatNews1h ago
David Sacks Leaves White House Crypto Role With Key Legislation Still Unresolved
In brief
Sacks said he stepped down after reaching the 130-day limit for special government employees.
He had pushed for market structure and stablecoin legislation but those efforts remain unfinished.
He will remain involved in the administration through the President’s Council of
Decrypt2h ago
Brazil passes law allowing seized crypto to be used for public security
Brazil’s public security agencies have a new weapon for fighting organized crime after national legislators approved a measure allowing them to use confiscated cryptocurrency in their efforts.
On Wednesday, Brazil’s legislative branch published Law No. 15.358, establishing a legal framework for
Cointelegraph7h ago
UK Sanctions Crypto Marketplace Xinbi in Crackdown on Southeast Asian Scam Centers
In brief
The UK has sanctioned cryptocurrency marketplace Xinbi, which provides services to scam centers including selling stolen personal data and satellite equipment.
Sanctions also target 8 Park, believed to be Cambodia's largest scam compound with capacity for 20,000 trafficked
Decrypt9h ago
Brazil Passes Law to Use Seized Bitcoin, Crypto to Fund Public Security Measures
Brazil's new "Anti-Gang Law" enables authorities to seize and sell digital assets like Bitcoin to combat organized crime, with proceeds supporting public security. The law enhances penalties for crime leaders and facilitates asset management by judges.
Decrypt9h ago
