Odaily Planet Daily News: Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission testified before the House Financial Services Committee on Wednesday, outlining his key focus areas and emphasizing that the SEC will continue to prioritize protecting investors, maintaining fair and efficient markets, and promoting capital formation. At the same time, the SEC aims to balance regulation between traditional markets and digital assets, including:
-
Reducing corporate compliance costs: Highlighting that publicly traded companies spend up to $2.7 billion annually on annual report disclosures, emphasizing the need to streamline, modernize, and focus on substantive information to make disclosures more useful and easier to understand.
-
Supporting IPOs and capital formation: Proposing three major initiatives—disclosure centered on substantive information, depoliticizing shareholder meetings, and providing companies with alternative litigation options—to encourage innovation and protect investors.
-
Promoting digital asset regulation: The SEC is collaborating with the CFTC on Project Crypto to develop a token classification system and provide clear regulatory guidance, while considering exemptions for on-chain transactions and activities. The SEC supports Congress in advancing the CLARITY Act to establish a federal framework for the crypto market.
-
Reviewing traditional regulatory tools: Conducting a comprehensive review of the Consolidated Audit Trail (CAT) system and has taken measures to cut annual costs by approximately $92 million.
-
Strengthening investor protection and enforcement: Returning to core mission, focusing on combating fraud, insider trading, financial misconduct, and cross-border manipulation. Additionally, establishing a cross-border enforcement task force and suspending trading of stocks from several Asia-Pacific issuers to prevent manipulation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bank of England governor warns: Global stablecoin standards are lagging, calls for a unified regulatory framework
Bank of England Governor Andrew Bailey said at an IIF event that the effective functioning of stablecoins depends on users’ confidence in full redemption mechanisms, calling for the development of international standards. The United States has meanwhile released the GENIUS Act, requiring stablecoin issuers to meet compliance requirements. In South Korea, Circle’s CEO said there are no plans to launch a won-pegged stablecoin, and that the company is currently watching local legislative debates.
MarketWhisper5h ago
Australian Dollar Hits 36-Year High Against Yen as US-Iran Ceasefire Hopes Boost Risk Appetite
The Australian dollar has reached a 30-year high against the Japanese yen, propelled by optimism over a US-Iran ceasefire and a global equity rally. The RBA's hawkish policy and positive links to equity markets enhance AUD's appeal, though risks remain due to potential volatility.
GateNews8h ago
The central bank issues a digital currency report—does it directly refute Qu Bo? If Taiwan issues a CBDC, merchants generally cannot refuse to accept it
The central bank released a report stating that Taiwan’s CBDC development will follow a phased promotion strategy. In the short term, it is not urgent to issue retail CBDC; the focus is on wholesale CBDC and the infrastructure for asset tokenization. The central bank emphasized that CBDC will not increase the money supply and will have legal standing. As a rule, merchants may not refuse to accept it, in order to prevent the payment market from becoming overly dependent on the private sector.
ChainNewsAbmedia22h ago
U.S. Treasury Secretary Bessent: Fed Will Cut Rates Further; Oil Price Gains Not Translating to Inflation Expectations
U.S. Treasury Secretary Bessent indicated that the Federal Reserve may lower interest rates further, emphasizing that rising oil prices have not impacted inflation expectations, as they remain detached from broader economic price pressures.
GateNews23h ago
Trump's Fed Chair Pick Kevin Warsh Has $131M–$209M Net Worth, Holds Crypto and AI Investments
Kevin Warsh, nominated by Trump for Federal Reserve chair, is the wealthiest candidate in recent history, with a net worth up to $209 million. His diverse investments include Silicon Valley, fintech, and AI. Despite potential conflicts, he has a modern view on digital assets.
GateNews04-15 08:52
Bank of Korea Governor Nominee Shin Hyun-song Signals Openness to CBDC and Private Stablecoins, Unveils Won Internationalization Plan
Shin Hyun-song, nominee for Bank of Korea governor, acknowledged the coexistence of CBDCs and stablecoins at a confirmation hearing. He proposed a three-pronged approach for the won's internationalization and pledged to divest foreign assets to prevent conflicts of interest.
GateNews04-15 06:45
