The U.S. Securities and Exchange Commission (SEC) has invited public comments regarding the rules and regulations governing the trading of crypto assets on national securities exchanges and alternative trading systems. SEC Commissioner Hester Peirce issued a statement emphasizing the need to update and reform existing laws to ensure investor protection and maintain market integrity. Given the increasing use of cryptocurrencies and blockchain technology, the SEC highlighted the necessity to modernize regulations such as Regulation ATS and Regulation NMS, introduced in 1998, to better accommodate current market demands. Commissioner Peirce stressed that these regulations should promote crypto asset trading while avoiding unnecessary regulatory burdens. Public feedback will focus on whether new rules should be established for crypto asset trading or if amendments to existing frameworks like Regulation ATS and disclosure requirements are sufficient. Discussions will also address privacy of trading information, control of systemic risks, and removal of legal barriers to automated or decentralized trading methods. This initiative signals the SEC’s commitment to developing a clear and effective regulatory framework that protects investors and fosters innovation in the crypto market. The SEC’s Crypto Working Group will consider these suggestions in future policy development. In light of growing global interest in cryptocurrency trading, this effort is seen as a significant step toward ensuring a transparent and secure market environment.
Source: binance
