news 
Acting SEC Chair Uyeda Directs Staff to Review Statements on Investment Contract Framework, Bitcoin Futures Fund Guidance
In a move aimed at streamlining regulatory guidelines and promoting innovation in the digital asset space, Acting Securities and Exchange Commission (SEC) Chairman Mark Uyeda has ordered his staff to conduct a thorough review of existing statements related to investment contract framework and guidance on Bitcoin futures funds.
The decision comes as part of Executive Order 14192, “Unleashing Prosperity Through Deregulation,” which encourages federal agencies to eliminate at least ten existing rules for every new one proposed. This mandate marks a significant shift from the previous “2-for-1” policy implemented during President Trump’s first term.
Under this order, the SEC is now tasked with identifying and modifying or rescinding existing statements that do not align with current agency priorities. While the potential outcomes of this review remain uncertain, industry stakeholders are cautiously optimistic about the prospect of simplified or clarified rules for digital asset companies.
The move is seen as a significant departure from previous regulatory approaches, particularly under the Trump administration. The SEC has recently demonstrated a more crypto-friendly stance, dismissing pending cases against major firms like Coinbase, ConsenSys, and Kraken, among others.
In related news, the regulator announced earlier this week that “covered” stablecoins such as Tether’s USDT and Circle’s USDC are not classified as securities. The decision excludes algorithmic stablecoins that utilize software for their dollar peg and restricts issuers from mingling reserves with operational funds or offering yields to token holders.
The development has sparked hope among market observers that a new era of regulatory clarity may be on the horizon. With Paul Atkins, a self-proclaimed pro-innovation advocate, poised to take the reins as SEC Chair, many are optimistic about his potential impact on the digital asset space.
Source: https://cryptobriefing.com/sec-crypto-review-past-statements/
