Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

BNB ousts XRP after surge fueled by utility and memecoin trading

October 7, 2025

Will EU sanctions choke ruble stablecoin routes into Bitcoin?

October 7, 2025

Solana earns $2.85B as ETFs, treasuries boost institutional demand

October 7, 2025
Facebook X (Twitter) Instagram
Wednesday, October 8 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Trump’s election win revives push for comprehensive crypto reforms

November 22, 2024Updated:November 22, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trump’s election win revives push for comprehensive crypto reforms
Share
Facebook Twitter LinkedIn Pinterest Email
ad



Trump’s election win revives push for comprehensive crypto reforms

Following Donald Trump’s election as the brand new US President, regulators are pushing for crypto market reforms, from establishing regulatory sandboxes to permitting tokenized funds’ shares as collateral in conventional derivatives buying and selling.

Throughout an interview for Fox Enterprise, SEC Commissioner Mark Uyeda stated President-elect Donald Trump is true about stopping the struggle on crypto within the US. He additionally commented on what could possibly be accomplished to make the nation a pacesetter within the world crypto market

In accordance with Uyeda:

“First off, from a regulatory perspective, we are able to present correct readability. Some crypto isn’t even a safety in any respect, however we have to make it clear whether or not or not you’ll fall inside SEC jurisdiction or not.”

If a token providing falls beneath the SEC’s jurisdiction, clear pointers are vital so crypto corporations can resolve the best plan of action to adjust to the regulator’s guidelines.

Uyeda additionally defended the creation of “protected harbors,” that are regulatory sandboxes the place crypto firms may experiment with totally different merchandise, permitting “innovation to happen.”

The SEC Commissioner additionally argued that regulators should work with Congress and different federal businesses to create a cohesive method to crypto.

Lastly, contemplating Gary Gensler will step down because the SEC Chair on Jan. 20, Uyeda was requested if he’s serious about filling the position, and he answered that this can be a resolution for the President.

Tokenized funds as collateral

Uyeda’s name for reform comes amid a wider regulatory shift towards crypto and blockchain expertise in finance. The CFTC lately really useful utilizing tokenized funds as collateral.

Bloomberg Information reported on Nov. 22 that the World Markets Advisory Committee of the Commodity Futures Buying and selling Fee (CFTC) authorized utilizing tokenized property, corresponding to money-market fund tokens launched by BlackRock and Franklin Templeton, as collateral for derivatives buying and selling.

The committee’s suggestion, which now awaits assessment by the CFTC, highlights the potential for distributed ledger expertise (DLT) to reinforce the effectivity and transparency of collateral administration.  

The advisory panel’s suggestion gives a framework for registered corporations to carry and switch tokenized non-cash collateral utilizing distributed-ledger expertise. The framework ensures compliance with present margin necessities set by the CFTC, different U.S. regulators, and derivatives clearing organizations.  

Though the suggestions aren’t binding, the CFTC incessantly incorporates advisory enter into its policymaking as a result of committees’ specialised experience. Nonetheless, there isn’t any particular timeline for when or whether or not the CFTC will undertake these suggestions into formal steering or rulemaking.

Talked about on this article



Source link

ad
comprehensive Crypto election Push reforms revives Trumps win
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

BNB ousts XRP after surge fueled by utility and memecoin trading

October 7, 2025

Will EU sanctions choke ruble stablecoin routes into Bitcoin?

October 7, 2025

Solana earns $2.85B as ETFs, treasuries boost institutional demand

October 7, 2025

This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
BNB ousts XRP after surge fueled by utility and memecoin trading
October 7, 2025
Will EU sanctions choke ruble stablecoin routes into Bitcoin?
October 7, 2025
Solana earns $2.85B as ETFs, treasuries boost institutional demand
October 7, 2025
This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming?
October 7, 2025
How Leverage.Trading Data Tracks Retail Stress From Liquidations to Early Warnings
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.