In a major development of the encryption market in the United States, the Chairman of the Securities and Stock Exchange Committee (SEC) announced plans to review a controversial proposal that requires Exchange of digital assets To register under the rules of the alternative trading system (ATS).
Uyeda is divided into the organizational approach to encryption exchanges
The proposal was presented in 2022 in 2022, which sought to expand the “exchange” definition to close a “organizational gap” on a different Trading platforms. However, it faced a significant decline in this industry, especially from the major players such as Coinbase, who have argued that the regulations would restrict their operations.
in comments Through the conference of the International Bankers Institute in Washington, Uyeda expressed its opinion that the Supreme Education Council had erred through the equality of the treasury markets organizing attempts to impose strict supervision of the prosperous encryption market.
On behalf of the SEC chair, the SEC chair stressed the need to re -focus the proposal on its original intention, which aims to include private commercial companies in actively trading, which ensures that they are subject to the same regulatory standards such as banks and other financial institutions.
Uyeda highlighted a critical point regarding alternative trading systems: while it is pivotal in facilitating securities deals – including the American Treasury – it is currently not being held on the same strict Transparency And the criteria for protecting investors as other commercial platforms, and thus raises concerns about market safety and ensuring investors, especially in the context of complex financial tools.
President Trump's introductory policies raises fears of recession
Since the organizer looks at how to calibrate the proposed base, the market participants are left in a state of suspense in relation to the schedule of any potential re -submission or the final rule voting.
The main regulatory changes usually reveal over several months, and the process may be delayed until the Pro-Crypto Paul Atkins has been nominated by President Donald Trump To lead the US Securities and Stock Exchange Committee, the Senate confirmed.
The timing of these discussions comes amid a difficult period of prices and the broader market. Bitcoin recently fell to less than $ 79,000, and continued in a declining direction that witnessed a decrease of approximately 3 % in one day. During the past five days, the value of Bitcoin has decreased by more than 13 %.
Other encryption assets, including ETHEREUM (ETH) and XRP, have seen large drops, where ETHEREUM decreased by about 5 % and XRP around 4 %. Solana (SOL) and Cardano (ADA) mentioned 8 % and 7 %, respectively, with ADA decrease for a period of five days approaching 31 %.
These fluctuations in encryption values are closely related to broader economic concerns, including Fears of the recession that is waving on the horizon It is fueled by President Trump's aggressive policies targeting Canada, Mexico and China.
Business groups have sparked warnings that these import taxes will negatively affect various industries and consumers, which exacerbates economic uncertainty.
Distinctive image from Dall-E, Chart from TradingView.com
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