Original sourcecryptobriefing.comAdditional: cryptoadventure.com
Summary
The SEC unveils a cross-divisional initiative Project Crypto, aiming to create tailored rules for crypto asset distribution, custody, and trading, and signs an MOU with the CFTC to delineate jurisdiction, paving the way for traditional finance on-chain.
Key points
- Understand how U.S. regulators are systematically revising regulations to provide a compliance path for crypto assets and DeFi.
- SEC's first comprehensive review of securities laws applicable to on-chain markets, potentially ushering in a new era of compliant tokenized assets.
- For developers: clear rules for issuing tokenized securities in the future; for investors: more compliant asset options, but regulatory costs may be passed on.
- Similar to the SEC's 2000 amendment to Regulation ATS to include electronic trading systems, now extending the framework to blockchain.
Editorial note
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