- The SEC announced plans to downsize the division responsible for enforcing crypto asset regulations.
- This move is known as the first step by the Trump administration to roll back crypto asset regulations.
- The Crypto Asset TF is said to create policies to protect investors and promote technological innovation.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
On the 4th (local time), the New York Times reported, according to anonymous sources, that the Securities and Exchange Commission (SEC) is planning to downsize the division dedicated to enforcing crypto asset regulations.
This move is known to be the first action taken by President Donald Trump and the new administration to roll back regulations on crypto and digital assets.
As a result, lawyers from the crypto asset division are being reassigned to other departments within the SEC, and one of the top lawyers from the division has also been moved to another department.
Meanwhile, the SEC is set to officially commence the operations of the Crypto Asset Task Force (TF), which was announced on the 21st. Earlier that morning, the SEC appointed executives and heads to be placed in the Crypto Asset TF and launched an official webpage. The SEC explained, "The Crypto Asset TF will provide clearer guidance in applying federal securities laws to the crypto asset market, creating practical policies that protect investors while promoting technological innovation."

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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