“There are very few symbols that are securities.” star-news.press/wp

The Chairman of the US Securities and Stock Exchange Committee (SEC) Paul Attins has only suggested that there is a small part of the distinctive codes of encryption should be considered securities, as part of the agency’s changing approach to what constitutes security under its scope.

Speaking from the Wyoming Blockchain symposium in Jackson Hall on Tuesday, Atkins discussion How can SEC “Project Crypto” initiative to set bases on digital assets affect how the agency processing advanced companies. He pointed out that SEC will draw its own path, as members of Congress looks at bills to create a market structure.

“We cannot look at (symbols) themselves as a security,” said Atkins.

“From the point of view of the Supreme Education Council, we will urge forward and on this idea that the distinctive symbol itself is not necessarily security, and perhaps not.

Atkins’s statements made a flagrant change from Genner Gainer, who said that “the vast majority of encryption assets were securities under SEC standard in the Howwey test.

Jinsler resigned from the Supreme Education Council in January the day that US President Donald Trump’s constitutional oath led to the delegate, Mark Uida, the agency’s president until Atkins asserted.

Related to: Crypto BIZ: Is the SEC Crypto project?

Waiting for “clear road rules” from Congress

While ATKINS, as a president, is supposed to have the authority to interpret SEC rules and guidance, including those covering digital assets, Congress members are planning to pass a new law to create a Chefir market structure in September.

The US House of Representatives passed the clarity of the digital assets market (clarity) in July, and leaders of the Senate Banking Committee said they “Cibnion” the bill to pass their copy of the market structure.

The Senate is scheduled to return from the holiday on September 2. Speaking at the Wyoming Blwchin symposium on Tuesday, Tim Scott, Chairman of the Senate Banking Committee, suggested that up to 18 democratic democrats can join Republicans in supporting the legislation of the market structure.

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