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In the most exciting weeks in the history of cryptocurrencies with ups and downs, changes in politics and a trade war; American Sec has introduced New rules that require his staff to request a approval from the best officials before launching official investigations. This shift in the procedure comes after a change of leadership, with Mark Uyeda entered as acting chairman after Gary Gensler’s departure.
With this change, it will be interesting to see if the new chair will lower the previous cases in which the cryptocurrency faced dishonest trials and manipulations. All eyes are on the Ripple VS Sec’s cases in March.
Let’s dive into this new change
Stronger approval procedure: Blocking of the road for Sec’s burglary?
Previously, the SEC implementation staff could have started investigations independently. They must now ensure the approval of political appointed commissioners before issuing a call or convincing testimony. This change follows the departure of former chairwoman Gary Gensler, who led the suppression of the crypto of companies accused of violating the Securities Law. With Uyed, Hester Peirce and Caroline Crenshaw, who is now running a sec, access to the cryptocurrency implementation agency can be moved.
Mixed reaction to change
NFT -A Tyler Warner analyst sees this as a necessary step to prevent “seizure thieves”, ensuring that investigations are based on solid proof rather than political or personal motives.
However, the retired lawyer Sec Marc Fagel disagrees strongly. He believes that this new procedure will slow down the implementation action, ultimately, benefits from a fraudster that exploit regulatory delays. Many others see this as a great turning point for the return of innovation and technology to the industry to improve.
What does this mean for the users of cryptocurrencies
For crypto investors and companies, this change could reduce the risk of sudden regulatory action. Under Gensler, Secus aggressively persecuted crypto projects, claiming that they acted as unregistered value papers. Critics claimed that these actions were suffocating innovation and created uncertainty in the market. With investigations that now require high -level approval, the crypto of the company can have more breathing space, and the implementation can become more predictable.
However, the real impact of this rule depends on how it is carried out by the new leadership of the SEC. If a stricter approval procedure slows down the investigation, the crypto companies may face fewer legal battles, which means a more favorable environment for growth. But giving too much freedom could be the risk of investors, which would lead to potential fraud and fraud on the market.
For now, the industry will watch carefully to see Uyeda and his team solve the upcoming cases.
