🚀 SEC Chair Gary Gensler To Resign In January
#GaryGensler #SEC #Resignation #DonaldTrump #RegulationATS #Cryptocurrency #DeFi #AlternativeTradingSystems #MillerWhitehouseLevine #PublicComment
According to BlockBeats, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has announced his intention to resign in January, coinciding with the inauguration of Donald Trump. This decision may influence certain regulatory rules currently under consideration.
The SEC had previously developed a rule known as "Regulation ATS," which could impact the cryptocurrency industry. This rule, reopened for public comment in April, aims to broaden the definition of trading platforms and potentially require decentralized projects to register as alternative trading systems with the agency.
Miller Whitehouse-Levine, CEO of the DeFi Education Fund, suggests that if Gensler does not implement the ATS regulation before Trump's inauguration, the rule might not be confirmed in the same manner in the future. Alternatively, it could be entirely discarded, depending on the priorities of the SEC.#GaryGensler #SEC #Resignation #DonaldTrump #RegulationATS #Cryptocurrency #DeFi #AlternativeTradingSystems #MillerWhitehouseLevine #PublicComment
🚀 SEC Considers Revising Cryptocurrency Proposal Under New Leadership
#SEC #Cryptocurrency #MarkUyeda #AlternativeTradingSystems #RegulatoryChanges #MarketParticipants #PublicFeedback
According to BlockBeats, on March 11, FOX Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission (SEC), under the leadership of Acting Chairman Mark Uyeda, is contemplating abandoning parts of a 2022 proposal from the Gensler era. This proposal aimed to expand the definition of Alternative Trading Systems (ATS) to include certain cryptocurrency companies.
During Uyeda's speech at the annual Washington conference of the International Bankers Association, he stated, "Given the strong negative public feedback on including cryptocurrencies in the trading platform definition, I have asked SEC staff to provide options for abandoning that part of the proposal."
Uyeda also requested that staff re-engage with the U.S. Treasury, the Federal Reserve, and market participants to discuss areas where the commission should advance regulatory changes for alternative trading systems.#SEC #Cryptocurrency #MarkUyeda #AlternativeTradingSystems #RegulatoryChanges #MarketParticipants #PublicFeedback
🚀 Ondo Finance Submits Registration Statement to SEC for Global Disclosure
#OndoFinance #RegistrationStatement #SEC #GlobalDisclosure #TokenizedStocks #AssetManagement #TradingVolume #Tokenization #Investment #GlobalInvestors #USStocks #ETFs #AlternativeTradingSystems #ONDO
Ondo Finance announced that Ondo Global Markets has confidentially submitted a registration statement to the U.S. Securities and Exchange Commission (SEC). According to Odaily, once effective, this document will provide issuer-level information disclosure that meets SEC standards for global investors. Ondo Global Markets has become the largest tokenized stock platform worldwide, with total assets under management exceeding $2.5 billion and cumulative trading volume surpassing $9 billion. Ondo Finance aims to support all major tokenization models, including direct holding, beneficial ownership, and native tokenized securities, by integrating SEC-registered transfer agents, broker-dealers, investment advisors, and alternative trading systems (ATS). The platform currently offers over 200 tokenized U.S. stocks and ETFs to non-U.S. investors.#OndoFinance #RegistrationStatement #SEC #GlobalDisclosure #TokenizedStocks #AssetManagement #TradingVolume #Tokenization #Investment #GlobalInvestors #USStocks #ETFs #AlternativeTradingSystems #ONDO
🚀 Fidelity Seeks SEC Guidance on Crypto Asset Trading Framework
#Fidelity #SEC #cryptoassets #brokerdealers #alternativetradingsystems #tokenizedsecurities #distributedledgertechnology #recordkeeping #decentralizedplatforms
Fidelity, the third-largest asset manager in the United States, has formally requested the Securities and Exchange Commission (SEC) to establish a comprehensive framework for broker-dealers dealing with crypto assets. According to NS3.AI, Fidelity's letter to the SEC emphasizes the need for rules that allow alternative trading systems to manage tokenized securities from third-party issuers, rather than being limited to assets issued by the broker-dealer itself. Additionally, Fidelity seeks guidance on enabling broker-dealers to utilize distributed ledger technology for recordkeeping, as decentralized platforms face challenges in meeting disclosure requirements through a central authority.#Fidelity #SEC #cryptoassets #brokerdealers #alternativetradingsystems #tokenizedsecurities #distributedledgertechnology #recordkeeping #decentralizedplatforms