US Securities Commission plans to add 4 new positions to regulate digital asset market

US Securities Commission plans to add 4 new positions to regulate digital asset market

US Securities and Exchange Commission (SEC) Chairman Jay Clayton said at a congressional budget hearing that his Office of Compliance and Review (OCIE) has classified digital assets, including encrypted digital currencies and tokens, as high-risk investments. category.

In addition, the SEC requires four new positions in the trading market segment to oversee the “main players in the securities market” and improve the committee's expertise in the digital asset market.

In addition, J. Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission (CFTC), said at the conference that regulators are "the speed of technological change, the non-intermediation of traditional players and business models, the need for technical literacy and big data capabilities." "There are huge challenges in other areas."

He said: "The CFTC is working hard to adapt to this environment and become a "quantitative regulator." It should be able to perform independent market data analysis (including decentralized blockchains) across different data sources without relying on self-regulatory organizations and market intermediaries. "(Mars Finance)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

EOS daily support appears, but it also needs to pay attention to the market dynamics

Author | Hash sent analysis team Bitcoin Futures Reach All-Time High as Bullish Momentum GrowsBrace Yourself: Bitcoin...

Bitcoin

The Wild World of Shitcoins: Where Risk Meets Reward

The recent strong US GDP numbers in the third quarter, coupled with higher-than-anticipated inflation, have had minim...

Market

Bitcoin is almost 8800 US dollars, the encryption market is generally rising

The current market value of the cryptocurrency market is 265,023,702,997 US dollars, the 24-hour trading volume is 71...

Blockchain

Is CSW penalized 550,000 BTCs, is this important?

According to reports, CSW (Craig Wright) lost in the lawsuit of brother Ira Kleiman, the brother of the late business...

Blockchain

BitMEX CEO: Bitcoin price will not rise in the short term, it will hover between 6000 and 7000 US dollars

Just now, Arthur Hayes, CEO and co-founder of BitMEX, announced his latest predictions for the price of Bitcoin. His ...

Blockchain

Exploring value from the development of Bitcoin in 11 years, the market maintains a shrinking trend

On October 31, the 11th anniversary of the Bitcoin white paper was released. Coinbase released a series of data on th...