The US SEC recruits crypto elites! Former CoinCenter executive Landon Zinda joins cryptocurrency regulatory team

SEC's new acting chairman Mark Uyeda announced on February 4 that Landon Zinda, former head of policy at CoinCenter, has officially joined the SEC's Crypto Task Force as a senior adviser.

SEC Cryptocurrency Project Team: Clarify regulatory framework

Uyeda's statement stated that Zinda will serve as SEC legal counsel and senior consultant to the cryptocurrency project team. The group is led by Republican Commissioner Hester Peirce, known as the "crypto mom". Neeraj Agrawal, head of communications at CoinCenter, crypto policy advocacy group, also confirmed the news of Zinda's resignation.

SEC announced the establishment of a cryptocurrency project team on January 21, aiming to provide a clear regulatory framework for the cryptocurrency market, formulate reasonable registration standards, establish a transparent information disclosure mechanism, and use law enforcement resources more effectively. The group will work with the U.S. Commodity Futures Trading Commission (CFTC) and other federal agencies.

Regulatory policy shift: SEC may relax supervision

With former SEC chairman Gary Gensler leaving office and the Trump administration taking office, there may be a major shift in U.S. cryptocurrency regulatory policies. "Crypto Mom" ​​Peirce hinted in a February 4 statement that the SEC may consider providing temporary regulatory exemptions and retroactive relief for certain token offerings, which could mean that some cryptocurrency projects that have been hit by regulation in the past will have the opportunity to gain more relaxed supervision or settle with regulators.

In the past few years, the SEC has taken frequent enforcement actions against the crypto industry, such as:

• During the period when former SEC Chairman Jay Clayton, the SEC sued Ripple, accusing the XRP tokens it issued were unregistered securities.
• During the tenure of former SEC chairman Gary Gensler, the SEC filed similar lawsuits against well-known exchanges Coinbase and Binance, which aroused strong dissatisfaction in the industry.

However, under the Trump administration, the industry generally expects that the SEC may suspend or revoke some enforcement actions and adjust its regulatory attitude towards cryptocurrencies.

The Republicans control the SEC: Regulatory attitude may soften

The SEC has five seats, but the Republicans currently hold the majority after Gensler and Democratic Commissioner Jaime Lizárraga leave:

• Republican Commissioner Hester Peirce ("Crypto Mom") leads the SEC cryptocurrency project team.
• The acting chairman of the SEC is the Republican Commissioner Mark Uyeda.
• Paul Atkins, a former SEC Republican member, nominated by current US President Trump.

Under the US system, the SEC is usually composed of three ruling party members and two opposition members, but the Trump administration has not yet filled the vacancies of Democratic members after Gensler's resignation, so the Republican Party has the dominance within the SEC, which may accelerate the process of relaxing regulatory policies.

The above is the detailed content of The US SEC recruits crypto elites! Former CoinCenter executive Landon Zinda joins cryptocurrency regulatory team. For more information, please follow other related articles on the PHP Chinese website!