Alltoscan priceATS

The U.S. Securities and Exchange Commission (SEC) is making a significant move, changing its stance on crypto regulation. The acting chairman, Mark Uyeda, has instructed SEC staff to explore discarding a controversial proposal that would have required certain cryptocurrency firms to register as alternative trading systems. This move indicates a shift in regulatory priorities and marks a departure from the previous administration’s approach, which sought to impose stricter oversight on the crypto industry. In 2022, the SEC proposed extending the definition of alternative trading systems (ATS) to include some crypto companies. This expansion was initially designed to enhance regulatory oversight in the Treasury markets but later encompassed digital assets. Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List The proposal faced immediate backlash from the crypto sector, which argued that such measures would impose excessive regulatory burdens, stifling innovation and growth within the industry. Many industry stakeholders viewed it as a heavy-handed attempt to restrict crypto market activity rather than a genuine effort to provide investor protection. Mark Uyeda has explained that linking Treasury market regulation with crypto oversight was an error. He acknowledged that the initial plan unfairly grouped two distinct financial sectors under a single regulatory system. Therefore, the SEC is now reassessing its approach, aiming to separate the oversight of government securities from cryptocurrency regulations. Uyeda has also called for renewed discussions with the Treasury Department, the Federal Reserve, and market participants to reevaluate the original regulatory adjustments for government securities trading platforms. This strategic shift reflects the broader changes within the SEC under its current Republican leadership. Earlier this year, the agency launched a crypto task force to revamp its policy on digital assets. Related: SEC Abandons Cumberland DRW Suit: Ripple Case Next? The SEC has also started dismissing or pausing several pending lawsuits against crypto firms. These actions indicate a more flexible stance, favoring engagement and dialogue over enforcement-heavy tactics. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Acting SEC Chair Mark Uyeda says agency may abandon Regulation ATS proposed rule that loops in crypto exchanges

🚨 NOW: Acting SEC Chair Mark Uyeda says the agency may abandon the Regulation ATS proposed rule that loops in crypto exchanges and decentralized projects.

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The Accumulation Trend Score (ATS) metric assesses a weighted balance change across the market. This metric also suggests there is a shift back towards accumulation dominant behavior. The aforementioned shift towards accumulation has contributed to the ATS recording its highest possible value of 1.0, suggesting significant accumulation throughout the last month.