In February, the U.S. government plans to release an executive order that outlines its cryptocurrency strategy for federal agencies. The order will outline the government’s plan to regulate digital assets, directing the agencies, including U.S. Security and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), to determine their risks and opportunities.
The impending executive order comes as the SEC announced a proposal to regulate cryptocurrencies. The proposal widened the definition of security exchange to include decentralized finance (DeFi) protocols. They would then have to register as broker-dealers or exchanges and comply with alternative trading system (ATS) regulation.
Commissioner Hester M. Pierce released a statement on the proposal to amend Regulation ATS, saying that while the markets need reform, they require careful consideration.
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