SEC Division of Crypto Assets: The Significance of Classification for Crypto Securities

US Securities and Exchange Commission (SEC) Revamps Website, Adds “Crypto Assets” Section

By Block Media Correspondent Jane Doe

The US Securities and Exchange Commission (SEC) recently unveiled a revamped website, introducing a new section dedicated to “Crypto Assets,” as reported by Coinpedia on the 9th. The addition of this section has sparked some controversy within the cryptocurrency community.

Coinpedia highlighted the debate surrounding the SEC’s choice to use the term “Crypto Assets” instead of “Crypto securities.” According to analyst Marty Party, the language used by the SEC holds significant implications for its regulatory approach. This sentiment was echoed by X on Twitter, who suggested that classifying cryptocurrencies as a separate asset rather than a security could have far-reaching effects on regulatory oversight and legal classification.

Given that the SEC oversees most securities, securities exchanges, and trading platforms, the classification of crypto assets has raised concerns about the extent of the SEC’s direct control over this emerging market. If crypto assets are not considered securities, they would generally fall outside the purview of SEC regulations.

Coinpedia speculated on the possibility of the US introducing a separate regulatory body specifically for cryptocurrency assets, akin to the Market for Cryptocurrency Assets (MiCA) system in the European Union (EU). Experts in the cryptocurrency space believe that the establishment of such a regulatory body could be beneficial for the industry, as it would necessitate the development of a new legal framework for digital assets, accommodating the SEC’s regulatory role.

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SEC Division of Crypto Assets – Coinpedia. SEC home page

[블록미디어 이제인 기자] Coinpedia reported on the 9th that the US Securities and Exchange Commission (SEC) has reorganized its website and added a new section called “Crypto Assets.”

Coinpedia explained that there is controversy surrounding the SEC’s use of “Crypto Assets” instead of “Crypto securities.”

Analyst Marty Party explains that the words the SEC uses indicate its intent. X (Twitter) argued that if the SEC classified cryptocurrency as a separate asset rather than a security, this would be very significant for regulatory oversight and legal classification.

The SEC oversees most securities, securities exchanges, and platforms that facilitate trading. If not classified as securities, crypto assets are generally not regulated by the SEC, so the SEC’s direct control may be limited.

Coinpedia analyzed that a separate regulatory body for cryptocurrency assets could be introduced in the United States, similar to the Market for Cryptocurrency Assets (MiCA) system in the European Union (EU).

Cryptocurrency experts said the introduction of a new regulatory body could be a win for the cryptocurrency community. This means that if the SEC is to maintain its oversight function, there will be an increasing need to create a new legal framework for digital assets.

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