Key dealers
- Acting SEC Chairman Mark Uyeda reviews previously cryptoral statements as part of the executive order in 14192.
- The review aims to change or revoke statements to adapt to current Sec priorities.
Mark Uyeda, acting chairman of the US SEC, has targeted the staff to review several crypto -related regulatory statements, including guidance about the investment agreement analysis of digital assets and the treatment of bitcoin futures according to the Investment Companies Act.
Other important documents that are reviewed are Crypto Market Officsure letter, Digital Asset Securities icyht and custody standards bound to Wyoming’s NO-Action letter, according to a statement on April 5 published on Sec’s X-account.
Statement from acting chairman Mark Uyeda: In accordance with executive order 14192, prosperity through liberalization, together with recommendations from Doge, I have requested securities and exchange commission personnel to immediately review the following staff.
– US Securities and Exchange Commission (@SecGov) April 5 2025
The action is taken below Executive order 14192with the title “Unleashing Prosperity through Degulation”, and on recommendations from the Department of Government Efficiency (Dogge).
President Trump issued the order on January 31, which aimed to reduce the legislative burden on companies and individuals in the United States. The executive order encourages federal authorities to reduce unnecessary regulations that may stifle innovation or economic growth.
The order is directed at the regulation of Rollbacks with a sweeping “10-for-1” mandate, which requires federal authorities to eliminate at least ten existing rules for each new proposed. It marks a sharp escalation from the “2-for-1” policy that was carried out during Trump’s first term.
The SEC staff’s review can lead to simplified or clarified rules for crypto companies, or possibly less monitoring depending on the result.
“The purpose of this review is to identify personnel statements that should be modified or revoked in accordance with current agency priorities,” said Uyeda.
During the second Trump administration, SEC is expected to undergo many changes in its priorities and regulatory strategy. The controller has adopted a more crypt -friendly approach compared to previous administrations.
In recent weeks, SEC has dismissed waiting cases against large crypto companies such as Coinbase, Consensys and Kraken, to name a few.
Sec -Currently covered Stablecoins are not securities
Securities Watchdog also works to clarify the status of different crypto assets, which determines which ones are securities and which not.
April 4th, Sec declared The “covered” Stablecoins, like Tether’s USDT and Circle’s USDC, are not classified as securities.
These symbols, fully supported by Fiat reserves or liquid instruments and are redeemed in a 1: 1 relationship with US dollars, will not require transaction reporting with the Commission.
The criteria exclude algorithmic Stablecoins that use software for their dollar stick. The guidelines also limit covered Stablecoin issuers from mixing reserves with operational means or offer returns to token holders.
With Pro-Innovation Paul Atkins that can potentially lead Sec, there may be a more accommodating position towards digital assets. Market observers hope that Atkin’s appointment can lead to more approvals of ETFs for digital assets.
Senate Bank Committee on Thursday approved Paul Atkin’s nomination as US SEC chairman, with procedures that move to a complete senate vote.
Atkins was able to assume his position shortly after he was confirmed by the Senate.
