Market

The small business advocacy group recommends that Congress clarify the status of assets

The US Securities and Exchange Commission (SEC) has submitted a report to Congress containing recommendations from small businesses seeking regulatory clarification on the role of digital assets.

27, the SEC’s Office of Small Business Capital Advocacy reported on recommendations from the Commission’s 40th annual Small Business Forum, held in May. Forum attendees – including all 5 SEC commissioners, 14 SEC staff, 12 small business advocates, 11 guest speakers, and 610 other US public attendees – recommend that Congress “clarify the status of digital assets to clarify when it is a security “. . “

The Small Business Forum’s recommendation did not provide additional details on why the group is seeking changes to the regulatory framework related to digital assets. However, the SEC made it clear in its response that the current standard to determine whether cryptocurrencies such as Bitcoin (BTC) qualify as “investment contracts” and are therefore securities uses Howey’s test. In addition, the Commission cited the framework published in 2019 by the Strategic Center for Fintech Innovation and Technology (FinHub), which “analyzes whether digital assets are investment contracts or not and whether offers and sales of digital assets are securities transactions”.

“We encourage market participants who want to determine whether a digital asset is a security to seek advice from a securities advisor and to contact FinHub staff,” the SEC said.

Related: Redefining Finance: Double Growth and SEC oversight, Dec. 19-23 September

The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Cointelegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stablecoins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform.

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Coin telegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stable coins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform. The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Coin telegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stable coins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform. The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Coin telegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stable coins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform. The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Coin telegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stable coins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform. The Commission is familiar with the slogan. SEC chairman Gary Gensler has repeatedly urged crypto platforms and projects to “come and speak” with the agency instead of waiting for possible enforcement action. Coin telegraph reported in August that the SEC chairman is hoping to introduce crypto-related policy changes regarding stable coins, token offering, decentralized funding, custody, exchange traded funds exchange, and lending platform. 
Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…

9 minutes ago

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

1 hour ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

2 hours ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

2 hours ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

3 hours ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

4 hours ago

This website uses cookies.