Blockchain Association Urges SEC to Drop Equity Rules for Crypto Regulation

By: cryptosheadlines|2025/05/03 16:30:01
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The Blockchain Association wants the SEC to stop using equity market rules for crypto regulation.Crypto firms say blockchain needs flexible rules that match its real time and transparent structure.The SEC is reviewing its crypto approach as leaders meet with industry and close older investigations.The Blockchain Association has asked the U.S. Securities and Exchange Commission to stop applying equity rules to crypto markets. The group submitted its formal response on May 2, 2025, after Commissioner Hester Peirce called for input on crypto market practices.1/ Today, @BlockchainAssn submitted our response to @HesterPeirce‘s “There Must Be Some Way Out of Here” request for input on trading-related topics (focusing most of our response on questions 15-19 in the RFI). Here’s Peirce’s post from Feb:https://t.co/uSJTZuKjfu— Marisa Tashman Coppel (@MTCoppel) May 2, 2025The association argues that traditional equity structures do not suit blockchain-based systems. It emphasizes that the decentralized nature of blockchain calls for updated and specific regulation.Crypto Industry Leaders Back the RequestThe Blockchain Association represents firms like Coinbase, Ripple, and Uniswap Labs. It claims the existing SEC framework ignores blockchain’s core features. These include real-time settlement, transparent data, and disintermediation of middlemen.The group wants the SEC to stop imposing strict equity-style rules. Instead, it calls for greater transparency and flexible standards. They say current enforcement limits how blockchain technology can evolve and expand.Focus on Trading, Settlement, and CustodyThe association’s letter focuses on trading, clearing, settlement, and custody. It urges the SEC to avoid restricting how blockchain is used or who can use it.They suggest modernizing “best execution” rules by stressing diligence and openness. They argue that forced protections used in equities do not fit digital assets.Support for Real-Time Data MonitoringThe group says blockchain’s open data allows real-time monitoring without gathering personal user data. It urges the SEC to use public exchange APIs rather than collecting sensitive information.They cite privacy concerns linked to excessive data collection. The group references a 2024 report from policy head Marisa Tashman Coppel that warned of surveillance risks.Criticism of Previous SEC LeadershipThe letter criticizes past SEC policies under former Chair Gary Gensler. It claims the agency forced crypto into outdated financial models. These actions ignored the technology’s unique features, the group argues.The association now supports current Chair Paul Atkins. It notes Atkins’ willingness to engage with lawmakers and the crypto community. Since taking over, he has launched a crypto task force and public roundtables.SEC Shows Signs of ChangeThe SEC recently closed its case into PayPal’s PYUSD stablecoin without penalties. The agency called the talks with PayPal productive. Ripple co-founder Chris Larsen met with Atkins, though details remain unclear. Observers believe the XRP case may have been discussed. At the same time, the SEC and Binance requested a 60-day delay in their case. This shows both sides are exploring further talks.Source link

-- Price

--

You may also like

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com