Acting SEC chair Uyeda directs staff to review statements on investment contract framework, Bitcoin futures fund guidance
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Key Takeaways Acting SEC Chairman Mark Uyeda is reviewing past crypto regulatory statements as part of Executive Order 14192. The review aims to modify or rescind statements to align with current SEC priorities. Mark Uyeda, acting chair of the US SEC, has directed staff to review several crypto-related regulatory statements, including guidance on the investment contract analysis of digital assets and the treatment of Bitcoin futures under the Investment Company Act. Other key documents under review are crypto market disclosure letters, digital asset securities oversight, and custody standards tied to Wyoming’s no-action letter, according to an April 5 statement posted on the SEC’s X account. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements. — U.S. Securities and Exchange Commission (@SECGov) April 5, 2025 The action is being taken under Executive Order 14192, titled “Unleashing Prosperity Through Deregulation,” and on recommendations from the Department of Government Efficiency (DOGE). President Trump issued the order on January 31, aimed at reducing regulatory burdens on businesses and individuals in the US. The executive order encourages federal agencies to cut back on unnecessary regulations that could stifle innovation or economic growth. The order targets regulatory rollbacks with a sweeping “10-for-1” mandate, requiring federal agencies to eliminate at least ten existing rules for every new one proposed. It marks a sharp escalation from the “2-for-1” policy implemented during Trump’s first term. The SEC staff’s review could lead to simplified or clarified rules for crypto companies, or possibly less oversight depending on the outcome. “The purpose of this review is to identify staff statements that should be modified or rescinded consistent with current agency priorities,” Uyeda stated. Under the second…
Filed under: News - @ April 5, 2025 6:19 pm