SEC Bolsters Cryptocurrency Expertise: New Staff Appointments Amidst Regulatory Uncertainty

The Securities and Exchange Commission (SEC) is actively addressing the evolving landscape of cryptocurrency regulation by bringing in experienced professionals with expertise in blockchain technology. This comes as Congress debates the CLARITY Act, a bill aimed at clarifying the regulatory boundaries between the SEC and the Commodity Futures Trading Commission (CFTC) when it comes to digital assets. The agency has also withdrawn certain proposed rules related to crypto regulations, including those pertaining to DeFi platforms and custody practices.