Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Crypto Initiatives Among Top Priorities Over Next 4 Years – Bitcoin News Regulation
The US Securities and Exchange Commission (SEC) has revealed some initiatives involving cryptoassets in its strategic plan for fiscal years 2022-2026. The initiatives are intended to address the SEC’s top priorities over the next four years.
SEC Strategic Plan for FY 2022-26
The US Securities and Exchange Commission (SEC) published its “strategic plan” for fiscal years 2022-2026 last week. The regulator stated that “the initiatives outlined in this strategic plan are intended to address its top priorities over the next four years.”
One of the goals of the strategic plan is to “develop and implement a robust regulatory framework that keeps pace with evolving markets, business models and technologies.”
The securities regulator explained that an initiative aimed at achieving this goal is to “examine strategies to address systemic and infrastructure risks facing our capital markets and our market participants.” Noting that “the rapid growth of cryptoassets” also represents a risk, the watchdog said to be better prepared for the risks in this category:
The SEC must pursue new authorities from Congress where necessary, continue to work effectively with other regulators, and engage more proactively in digitization initiatives.
Another initiative outlined in the strategic plan is to “recognize significant developments and trends in our evolving capital markets and adjust our activities accordingly.” The securities watchdog emphasized:
The SEC must also continue to improve its expertise in, and devote increased resources to, product markets beyond equities—including crypto-assets, derivatives, and fixed income—and maintain an agile and flexible approach to rapidly address market changes.
The SEC also explained that in developing the strategic plan, it took into account information from “meetings with the many internal and external parties with whom the agency interacts regularly, including members of Congress and congressional committees, investors, businesses, financial market participants, academics and other experts and stakeholders.”
SEC Chairman Gary Gensler emphasized:
The SEC pursues our threefold mission: to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
What do you think of the SEC’s strategic plan involving crypto assets? Let us know in the comments section below.
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