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    Renewed Stance Of SEC Is Apparent As It Sits With Robinhood And Michael Saylor

    SEC is looking to right its wrongs as it is taking advice from people and firms it once lambasted for being related to crypto.

    Updated Feb 24, 2025
    Samik Ghoshal

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    Samik Ghoshal

    Renewed Stance Of SEC Is Apparent As It Sits With Robinhood And Michael Saylor

    SEC is currently on a drive to change its stance towards crypto. As a result, it is taking a positive stance towards creating a healthy ecosystem for the digital asset industry. Therefore, the regulatory body is consulting with all the influential figures in the industry. February 21st saw one such meeting take place when Michael Saylor of Strategy met with the US Securities and Exchange Commission’s newly formulated Crypto Task Force to discuss the future of regulation in the digital asset industry. 

    Renewed Stance Of SEC

    Sources suggest the primary agenda of the meeting was to focus on and discuss key challenges that surround the crypto landscape. It is said that Saylor presented his study and expertise with the SEC on approaching regulatory clauses regarding digital assets. The log suggests that the discussion mostly focused on points like practical compliance, rights/responsibilities and establishing a clear-cut taxonomy. 

    All in all, the meeting focused a lot on reshaping the crypto landscape of the nation in a way that leads the global economy. Which could unlock trillions of dollars in value and strengthen the US dollar. 

    Some More Meetings

    On February 19th, representatives of Robinhood also met with the task force and shared similar discussions. The conversation touched on points like clearer regulations, anti-fraud protection and rules to discuss custody of tokens. The meeting took place just days before the SEC dropped charges against Robinhood. 

    Not only that, but SEC released their log on the meeting. It seems that the task force has discussions with the likes of Firteblocks, Fidelity, MITRE, Zero Hash, and so much more. Therefore, it shows a renewed stance of the SEC against the crypto community, unlike what Gary Gensler sought to do.

    Sources suggest that these moves are crucial and can change the very landscape of digital assets in a way that encourages people and does not penalise them. Unlike what the SEC was doing in the Biden regime. 

    Samik Ghoshal

    Samik Ghoshal

    Editor

    Samik Ghoshal is a versatile writer with a special knack for blockchain technology, which brings a nuanced perspective to his work. His analytical skills and passion for cryptocurrencies made him a critical writer nurturing the world of NFTs, DeFi, and Web3 developments. Accuracy and enthusiasm to understand the crypto market sets his value for each informative content.

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