Staff at the U.S. Securities and Exchange Commission (SEC) are considering past crypto-related guidance to determine whether it still reflects current priorities, according to a statement by representative chair Mark Uyeda posted on social media platform X.
Among the several major documents, statements from SEC staff registered under the Investment Companies Act are under consideration, according to X Post. Other documents include digital asset “investment agreements” and custody frameworks. This review could make the regulatory framework more clear, focusing on the digital asset sector.
Requests from Uyeda are related to Executive Order 14192, unleashing prosperity through deregulation and following recommendations from Elon Musk’s Doge
It is noteworthy that the statement comes from SEC staff, not from Commissioner Hester Perth. But that still shows the SEC’s willingness to ease pressure on the digital asset sector since the agency took over to the leadership appointed by President Donald Trump.
The move is part of interim chairman Mark Weda’s efforts to overhaul the regulator’s crypto position. This includes abandoning most of the prominent executive cases that agents pursued for their digital asset businesses.
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