SEC, the US CVM. Chip Somodevilla/Getty ImagesRumor has it, negative US regulations could bring the price of bitcoin down this year. This FUD may have been overturned today with the release of the 2022 regulatory agenda of the US Securities and Exchange Commission (SEC), which does not mention cryptocurrency regulation.
Cryptocurrencies are off the SEC's latest regulatory agenda
The Office of Regulatory Affairs and Information released the Biden administration's Spring 2022 Administration's Unified Agenda for Regulatory and Deregulatory Actions last week. It details “the actions that administrative bodies plan to issue in the short and long term”, which provides “important notice and transparency on proposals for regulatory and deregulatory actions within the Executive Branch”, explains the attached announcement. Securities and Exchange Commission's annual regulatory report” of the US Securities and Exchange Commission (SEC), the agency independently announced, clarifying: “The report, which includes contributions related to the Securities and Exchange Commission, lists the short- and long-term regulatory actions that administrative agencies plan accomplish."
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Some of the items the SEC will consider include disclosures related to weather risk, corporate board diversity, and beneficial ownership and exchanges. The SEC will also focus on the rules regarding SPACs (Special Purpose Acquisition Company) and on short selling disclosure reform. The complete list can be found here.
The SEC has its eye on cryptocurrency brokers
SEC Chairman and former MIT blockchain professor Gary Gensler commented: “To fulfill our mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation, the SEC has a lot of regulatory work ahead. . I look forward to collaborating with my fellow commissioners and the dedicated team to propose and finalize rules that will strengthen our markets, increase transparency and protect investors.” While bitcoin and cryptocurrency are not on the SEC's regulatory agenda this year, Gensler has been talking about the need to protect investors and regulate cryptocurrency exchanges. Last month, the president urged Congress to pass cryptocurrency legislation to “protect investors,” adding that cryptocurrency exchanges need more regulation. the SEC warned investors about trading in Bitcoin futures funds last week. So far, the agency has brought 75 enforcement actions related to crypto. Meanwhile, a growing number of companies are seeking approval to trade bitcoin exchange-traded funds (ETFs).Do you think the SEC will pass a bitcoin ETF or impose new cryptocurrency rules this year? Leave your opinion in the comments section below.