Odaily Planet Daily News: Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission testified before the House Financial Services Committee on Wednesday, outlining his key focus areas and emphasizing that the SEC will continue to prioritize protecting investors, maintaining fair and efficient markets, and promoting capital formation. At the same time, the SEC aims to balance regulation between traditional markets and digital assets, including:
-
Reducing corporate compliance costs: Highlighting that publicly traded companies spend up to $2.7 billion annually on annual report disclosures, emphasizing the need to streamline, modernize, and focus on substantive information to make disclosures more useful and easier to understand.
-
Supporting IPOs and capital formation: Proposing three major initiatives—disclosure centered on substantive information, depoliticizing shareholder meetings, and providing companies with alternative litigation options—to encourage innovation and protect investors.
-
Promoting digital asset regulation: The SEC is collaborating with the CFTC on Project Crypto to develop a token classification system and provide clear regulatory guidance, while considering exemptions for on-chain transactions and activities. The SEC supports Congress in advancing the CLARITY Act to establish a federal framework for the crypto market.
-
Reviewing traditional regulatory tools: Conducting a comprehensive review of the Consolidated Audit Trail (CAT) system and has taken measures to cut annual costs by approximately $92 million.
-
Strengthening investor protection and enforcement: Returning to core mission, focusing on combating fraud, insider trading, financial misconduct, and cross-border manipulation. Additionally, establishing a cross-border enforcement task force and suspending trading of stocks from several Asia-Pacific issuers to prevent manipulation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Clarity Act – a Potential ETH Super-Cycle Trigger As Prediction Markets Signal 90% Approval Odds
The crypto market is experiencing some serious sentiment shifts as legislators gain traction. After the Genius Act resulted in significant stablecoin inflows and boosted liquidity into 2025, focus has now shifted to the Digital Asset Market Clarity Act. According to Polymarket, there’s a 90%
BlockChainReporter34m ago
The Federal Reserve is expected to lower interest rates in July
ChainCatcher reports that, according to Jinshi, traders now believe the Federal Reserve will wait until July to cut interest rates.
GateNewsBot8h ago
Global Market Collapse Next Week? Fed Liquidity Moves Raise Red Flags Across Stocks And Crypto
The global money market faces significant volatility, driven by systemic funding issues highlighted by a macro analyst. Recent liquidity injections from the U.S. and China, alongside shifts in the Federal Reserve's balance sheet, suggest underlying market stress, potentially foreshadowing a downturn in risk assets, including crypto.
CaptainAltcoin9h ago
Federal Reserve Paper Highlights Kalshi as Emerging Macro Forecast Tool
The paper "Kalshi and the Rise of Macro Markets" highlights the effectiveness of prediction markets in forecasting macroeconomic indicators like inflation and GDP, showing they can outperform traditional methods. It acknowledges regulatory scrutiny while affirming their growing relevance in economics and finance.
ICOHOIDER11h ago
Wall Street elites and government officials gather at Mar-a-Lago, with the Trump family project WFLI acting as a crypto advocate
Written by: Li Dan
Source: Wall Street Journal
Although cryptocurrencies have plummeted this year, the Trump family appears to be trying to save face. The cryptocurrency platform they support is reshaping the relationship between Wall Street and digital assets.
On Wednesday, the 19th, Eastern Time, the Trump family-involved cryptocurrency platform World Liberty Financial hosted a conference at Mar-a-Lago. The event brought together financial industry executives, government officials, and crypto industry figures, highlighting how virtual assets are both a policy priority and a family profit center during Trump's second term.
This event by World Liberty Financial attracted about 500 attendees, including Goldman Sachs CEO David Solomon. The former cryptocurrency skeptic revealed at the conference that he holds .
PANews11h ago
FED Kashkari blasts: Cryptocurrencies are "useless," stablecoins are a "hodgepodge of buzzwords"
While the White House actively embraces cryptocurrencies, the Federal Reserve (Fed) has reportedly voiced strong opposition. Neel Kashkari, President of the Minneapolis Federal Reserve Bank, went on the offensive on Thursday, stating that cryptocurrencies, including Bitcoin and stablecoins, have yet to prove any "practical use."
At the "2026 Midwestern Economic Outlook Summit" held in Fargo, North Dakota, Neel Kashkari compared the everyday practicality of artificial intelligence (AI) tools to cryptocurrencies.
"Cryptocurrencies have been around for over 10 years, yet they remain useless," he said. In contrast, AI technology "has genuine long-term development potential for the U.S. economy."
To support his point, he asked the audience on the spot: how many people in the past week have used ChatGPT or Gemini?
区块客13h ago
