Us sec to move away from requires crypto firms to register as trading systems, chief says
The acting Chief of the US Securities and Exchange Commission said on Manday he has directed staff to look at ways to abandon a plan that that would have widened the definition of alternative trading to increase SOME Cryptocurrency firms.
The sec in 2022 proposed requiring some crypto firms to register as alternative trading systems, drawing criticism from the sector in the face of potentially heightened oversight and added. Acting Chairman Mark Uyeda Told an audience of bankers
It was an expansion of an earlier effort aimed at trading of treasuries markets, uyeda said in prepared remarks.
“In my view, it was a mistake for the commission to the link togeether regulation of the treasury markets with a heavy-handed attempt to tampto market,” Uyeda Said.
He said he has also been asked sec staff to renew discusations with the treasury department, the federal reserve, and market participants to consider the original plans for regulatory changes on the government Alternative Trading Systems.
The 2022 proposal was part of a broader effort by the sec under democratic leadership to better Protectors by Subjecting The Crypto Sector to a Host of Rules and Requirements.
Under Republican Leadership, The sec in january launched a crypto task force to overhaul its crypto policy and has been paired or dismissing pending lawsuits against Crypto firms.
© Thomson Reuters 2025
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