The Digital Chamber Urges SEC Crypto Reset
The Digital Chamber is urging the United States Securities and Exchange Commission (SEC) to “reset” its relationship with the digital asset ahead of Donald Trump’s presidency following years of controversial crypto regulation under chair Gary Gensler, a December 18 statement from the crypto advocacy group shows.
The Digital Chamber Pushes For SEC Reset
According to The Digital Chamber’s Wednesday update, the crypto sector “has the opportunity to reset its historically troubled relationship with the global digital asset industry” as President-elect Donald Trump prepares to return to the Oval Office.
The @SECGov has the opportunity to reset its historically troubled relationship with the #DigitalAsset industry. This week, members of TDC's Token Alliance Leadership Committee presented our 2025 SEC Digital Asset Policy Priorities to SEC staff. More: https://t.co/r0qg7lfjmm
— The Digital Chamber (@DigitalChamber) December 18, 2024
In its latest statement, the pro-blockchain collective argues that Trump’s predilection for crypto–friendly policies may “launch an era of transparency, cooperation, and well-reasoned regulation to bring much-needed clarity to digital asset market participants.”
“We need to foster a culture of mutual trust – where the digital asset industry can have confidence in the SEC’s intentions, and the SEC can recognize that most digital asset participants are striving to operate responsibly,” the statement continues.
The Digital Chamber notes that members of its Token Alliance Leadership Committee met with current SEC commissioners Mark Uyeda and Hester Peirce to present their 2025 SEC Digital Asset Policy Priorities, including how the incoming administration can most effectively address crypto concerns in Trump’s first 90 days in office.
Th cryptocurrency group seemingly further slammed current members of the regulatory commission and its controversial staff accounting bulletin known as SAB121, saying it’s time “to clear the decks of outdated and confusing former director and staff level speeches, letters and other informal and non-binding ‘guidance’ that make it nearly impossible for current market participants to understand how to comply with the SEC’s rules and regulations.”
Gary Gensler’s Regulation-By-Enforcement Approach To Crypto
News of The Digital Chamber’s latest update comes amid growing anticipation of a crypto-friendly regulatory framework under Trump.
The former reality television, who most recently launched his family’s crypto platform World Liberty Financial, previously vowed to fire Gensler for his stringent approach to digital asset regulation in the United States.
“We will have regulations,” Trump stated at the Bitcoin 2024 Conference this past summer, adding, “but from now on, the rules will be written by the people who love your industry, not hate your industry.”
Gensler, who has since announced his resignation, is expected to be replaced with crypto-friendly former SEC commissioner Paul Atkins – though it remains to be seen just how the federal regulator will evolve in the years ahead.
Source: cryptonews.com
