Trump's SEC Could Change Regulations on Digital Currency in the United States

The relationship between the US Securities and Exchange Commission and the digital asset industry has been unstable for many years. But change may be coming. In a recent meeting, the Digital Asset Trade Association's Token Alliance spoke with SEC staff for Commissioners Hester Peirce and Mark Uyeda to discuss the SEC's Digital Asset Policy Priorities for 2025. Regulations on cryptocurrencies in the US have never been clear. Could this be a sign of the beginning of a more open and collaborative era? Review of Hinman's Speech A key focus of the discussion is Hinman's controversial speech in 2018. The SEC's Corporate Finance division has identified criticizing this speech as a top priority. It has been criticized for being confusing, especially regarding the Howey Test, which determines whether an asset qualifies as a security or not. This test was misapplied to cryptocurrencies. Critics argue that the speech has created unnecessary confusion in the market and has created a sense of bias. Essentially, it is seen as dividing the industry into "winners" and "losers", damaging transparency and fairness. The removal of unofficial guidance's legacy is considered a significant step. Instead, experts encourage the SEC to rely on formal, clear regulations and non-action letters to provide straightforward compliance paths for cryptocurrency asset companies. Building Trust with New Leadership The meeting also shed light on the Token Alliance's vision for the SEC under the administration of President-elect Donald Trump. Trump's pick for SEC Chairman, Paul Atkins, is considered a cryptocurrency-friendly figure with extensive experience. Commissioners Peirce and Uyeda, known for their criticisms of SEC's aggressive cryptocurrency enforcement, may help lead this reset process. The Digital Asset Programme of the SEC in the first 90 days includes some bold moves. This includes re-evaluating ongoing investigations, halting cases without actual fraud, and rescinding misleading guidance such as SAB 121. They also propose withdrawing proposed amendments to redefine "exchange" to include decentralized financial protocols (DeFi).

Perhaps the most important goal is to move away from regulations that promote enforcement. They demand that the SEC promote transparency and cooperation. This could encourage innovation in the digital space. Expectations Token Alliance is optimistic about what the new leadership of the SEC can bring. Improving the relationship between the SEC and the digital asset industry could pave the way for clearer cryptocurrency regulations in the United States. This will encourage more innovation and stronger mutual trust. By focusing on fairness and transparency, this could ultimately be the fresh start that the industry has been waiting for. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)