The United States Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets 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 Fiscal Year 2022-26
The United States Securities and Exchange Commission (SEC) released its “strategic plan” for fiscal years 2022-2026 last week. The regulator said “the initiatives outlined in this strategic plan aim to meet its key priorities over the next four years.”
One of the objectives of the strategic plan is to “develop and implement a robust regulatory framework that keeps pace with changing markets, business models and technologies”.
The securities regulator explained that one initiative to achieve this goal is to “examine strategies to address systemic and infrastructure risks facing our capital markets and market participants.” Noting that “the rapid growth of crypto assets” also poses a risk, the watchdog said it is more prepared for risks in this category:
The SEC should seek new authorities from Congress as needed, 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 changing capital markets and adjust our activities accordingly.” The securities watchdog pointed out:
The SEC must also continue to build its expertise and dedicate increased resources to commodity markets beyond equities – including crypto assets, derivatives and fixed income securities – and maintain an agile and flexible approach to doing so. respond quickly to market changes.
The SEC also explained that in developing the strategic plan, it considered information from “meetings with the many internal and external parties with which the agency regularly interacts, including members of Congress and committee members. of Congress, investors, businesses, participating financial markets, academics and other experts and stakeholders.
SEC Chairman Gary Gensler pointed out:
The SEC pursues its three-part mission: to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation.
What do you think of the SEC’s strategic plan regarding crypto-assets? Let us know in the comments section below.
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