SEC to Abandon Earlier Effort to Include Crypto Firms in Regulation
The Securities and Exchange Commission (SEC) may abandon a proposal that would expand regulation of alternative trading systems (ATSs) to include crypto firms.
Speaking Monday (March 10) to a conference of the Institute of International Bankers, SEC Acting Chairman Mark T. Uyeda said he asked SEC staff for options on abandoning that part of a proposal related to regulatory changes for Government Securities ATSs, according to remarks released by the SEC.
Uyeda said in his remarks that he did so “in light of the significant negative public comment received on the definition of exchange with respect to crypto.”
In addition, Uyeda asked SEC staff to work with the Treasury Department, the Federal Reserve and market participants…
