SEC Holds Cryptocurrency Roundtable on Financial Surveillance and Privacy

The U.S. SEC’s Crypto Task Force, led by Commissioner Hester Peirce, will host a public roundtable on “Financial Surveillance and Privacy” in Washington, D.C., on October 17.

This event signals potential regulatory adjustments impacting cryptocurrencies, especially ETH and BTC, and highlights ongoing collaboration with the CFTC for harmonized oversight.

SEC and CFTC Synergy for 24/7 Trading Regulations

The upcoming public roundtable, led by Commissioner Hester Peirce, underscores the SEC’s effort to address concerns in the crypto sector. Peirce, known as “Crypto Mom,” aims to examine policy solutions for financial surveillance and operational privacy.

Aligning regulatory standards with technological advances, the SEC and CFTC will discuss potential exemptions and broker-dealer responsibility rules. This is anticipated to decrease compliance burdens and adapt U.S. markets to 24/7 trading.

“Technology that helps Americans protect their privacy is critically important as it enables people to choose when and with whom to share sensitive data about themselves so they can be protected from bad actors… Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in the crypto space.” – Hester M. Peirce

Ethereum Market Growth Amid Regulatory Discussions

Did you know? The coordinated efforts of the SEC and CFTC to review 24/7 crypto trading align with trends showing increased demand for continuous trading in global markets.

Ethereum (ETH) is currently priced at $4,305.97, with a market cap of $519.75 billion and a 24-hour trading volume of $32.57 billion, according to CoinMarketCap. ETH’s 90-day price change reflects a 54.51% increase, showcasing ongoing market traction.

Coincu’s research indicates potential financial implications stem from regulatory clarity improving market stability. Historical trends suggest policy alignment could bolster institutional confidence, thus fostering market growth and innovation.