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The Digital Chamber of Commerce is urging the incoming SEC leadership to review all crypto-related investigations and lawsuits from day one, advocating for a reset in the SEC's relationship with the digital asset industry. They propose pausing probes not involving fraud or investor harm and repealing key regulations like SAB 121, which burdens crypto custody providers. With bipartisan support for these changes, the Chamber aims for a more transparent regulatory framework under new SEC Chair Paul Atkins, succeeding Gary Gensler.
The U.S. Securities and Exchange Commission has issued a Wells Notice to the NFT project CyberKongz, indicating potential securities violations related to its ERC-20 token and blockchain game. CyberKongz plans to challenge the notice, arguing that the SEC misinterpreted a technical upgrade as a token sale. The situation raises concerns for the broader blockchain gaming industry, particularly for projects combining NFTs with utility tokens.
CyberKongz, an NFT platform, received a Wells notice from the SEC, raising concerns about the issuance of gaming tokens without proper registration as securities. This could have significant repercussions for the Web3 gaming industry. Despite the notice, CyberKongz's NFT prices remain stable, reflecting a 11.7% increase in the last 24 hours.
Eric Trump announced potential changes to US crypto regulations, advocating for clearer guidelines to foster innovation and support smaller companies. He criticized the current banking system's inefficiencies and emphasized blockchain's advantages. With the anticipated shift in SEC leadership, a three-step plan aims to enhance the crypto landscape, addressing regulatory clarity and collaboration with industry players. The meme coin projects WEPE and PEPU seek to stabilize the market and provide valuable insights to investors, promoting a more transparent and innovative environment in the crypto sector.
Eric Trump announced that clearer regulations for the US crypto sector are on the horizon, aiming to foster innovation and competition. He emphasized the potential of blockchain technology to streamline processes like home loans, criticizing the current banking inefficiencies. SEC Commissioner Hester Pierce outlined key regulatory changes needed to enhance transparency and collaboration within the crypto industry, signaling a shift from the stringent policies under Gary Gensler.
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crypto group urges sec to reassess regulations and investigations under new leadership
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11:03 19.12.2024
sec issues wells notice to cyberkongz over potential securities violations
07:12 17.12.2024
SEC Wells notice raises concerns for CyberKongz and gaming tokens
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Trump advocates for clearer crypto regulations to boost innovation and transparency
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14:14 10.12.2024
trump administration poised to reshape us crypto regulations for innovation
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12:28 10.12.2024
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