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Coin Edition 2024-12-19 10:30:00

Digital Chamber Proposes Day 1 Reforms for New SEC Chair, Including Rescinding Hinman Speech and SAB 121

Digital Chamber Proposes Day 1 Reforms for New SEC Chair, Including Rescinding Hinman Speech and SAB 121

The Digital Chamber of Commerce proposes a 90-day action plan for SEC reforms to support the crypto sector. Key proposals include rescinding the Hinman speech, SAB 121, and halting non-fraud-related enforcement actions. The plan seeks to establish clearer, innovation-friendly regulations for digital assets under the new administration. As the U.S. prepares for a new administration under President-elect Donald Trump, the digital asset industry is seizing the opportunity to advocate for a much-needed reset in its relationship with the Securities and Exchange Commission (SEC). The Digital Chamber of Commerce (TDC), through its Token Alliance Leadership Committee, has laid out a comprehensive 90-day action plan to foster transparency, trust, and clear regulatory guidelines for the crypto sector. Day 1 Priorities: Rescinding Outdated Rules The TDC’s roadmap starts with urgent reforms. It calls for the rescission of the SEC’s 2019 guidance on digital assets as “investment contracts,” which has been widely criticized for creating confusion. Additionally, the 2018 Hinman speech , which led to controversy by favoring some assets over others, should be form… The post Digital Chamber Proposes Day 1 Reforms for New SEC Chair, Including Rescinding Hinman Speech and SAB 121 appeared first on Coin Edition .

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