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The Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, stated that he has instructed staff to research how to adjust the custody framework to promote the development of crypto asset custody business, while directing staff to develop a framework to allow for parallel trading of crypto securities and non-crypto securities. To accommodate the trading of tokenized securities, the SEC may need to consider revising the National Market System Rules.
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US SEC Chairman: Most crypto assets are not securities, has instructed the development of clear rules and implementation of White House cryptocurrency recommendations
According to reports from Jinse Finance, SEC Chairman Gensler stated that he will direct various policy departments to cooperate with the cryptocurrency special working group to implement the White House's recommendations related to cryptocurrency. He has instructed commission staff to draft clear rules for the distribution, custody, and trading of cryptocurrencies. Most crypto assets are not securities. He has instructed commission staff to develop guidelines to determine when crypto assets are considered securities. Staff have been asked to identify...expand