CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

ZyCrypto 2025-04-25 08:59:03

El Salvador Plans to Establish Cross-Border Crypto Regulatory Sandbox with the U.S

The Securities and Exchange Commission (SEC) had a meeting with top officials from El Salvador to discuss cross-border regulatory collaboration. Representatives from Goldman Sachs and Perkins Law Firm joined the meeting. El Salvador has been in the news recently regarding US deportations and immigration. The news of a meeting between US and El Salvador officials is positive and symbolises a pro-crypto approach by the SEC. The SEC wants to oversee El Salvador’s tokenization projects, such as those involving tokenized real estate, so that it can learn lessons on how to regulate crypto. The SEC wants to have a sandbox so that it can isolate these crypto projects and monitor their progress in real-time. El Salvador already accepts crypto as legal tender. The country would be perfect, given its laws and location, for American regulators to experiment with crypto. The sandbox programme, accepted by El Salvador officials, would be a pilot programme with a cap of $10,000 per tokenized project. The cap will allow licensed traders in the United States to operate non-securities in El Salvador, collaborate with a local South American company, and do so under the SEC’s watchful eye. In 2021, President Nayib Bukele introduced new laws that legalised Bitcoin as legal tender. The President is seen as a pivotal force for crypto adoption in South America, taking a bold bet on Bitcoin and other digital assets. On April 14, Bukele met with Trump to discuss a $6 million deal to send prisoners from America to El Salvador. The plan was seen as controversial by many because several federal judges deemed the deportations to be illegal. The sandbox method offers several benefits for the SEC, including increased access to data about crypto, control over a risky market, and enhanced stability for many American traders investing in South American companies. The sandbox also signals a shift from draconian regulation to a more innovative approach. The SEC, with its sandbox approach, provides American and Salvadoran businesses an opportunity to test the waters of crypto and take some measured risks. On the Salvadoran side, access to American capital is an opportunity to derisk their assets and attract more talent from North American universities. Hester Pierce, SEC Commissioner, said in February that strategies needed to be developed to figure out long-term regulations for the crypto industry and to encourage innovation in the meantime. Paul Atkins, the newly appointed SEC chair, has stated that he wants to establish a solid foundation for crypto regulation.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta