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The U.S. Securities and Exchange Commission (SEC) recently announced a remarkable initiative. From August to December, the SEC's crypto working group will embark on a tour across 10 cities nationwide. What makes this event special is that it will primarily focus on smaller crypto asset projects, specifically startup teams with no more than 10 employees and less than 2 years of operation.
The leader of this tour is SEC Commissioner Hester Peirce, who is quite famous in the crypto assets field and is often referred to as the 'Crypto Mom.' Peirce stated that the purpose of this event is to listen to the voices of those who were unable to participate in the roundtable meeting held in Washington, D.C. this spring. She emphasized that the crypto working group is well aware of the importance of regulatory frameworks and therefore hopes to ensure that their outreach activities can gather opinions as comprehensively as possible.
The initiative known as 'Crypto On-Ramp' is a further action taken by the SEC following the establishment of the encryption working group earlier this year. The purpose of this working group is to develop clearer regulatory rules for the Crypto Assets industry. This move also reflects the U.S. government's strategic intent to maintain a leading position in the global Crypto Assets sector.
The 'crypto project' initiative recently launched by SEC Chairman Paul Atkins can be said to complement this tour. These initiatives together indicate that U.S. regulators are actively seeking to establish closer ties with the crypto assets industry to better understand and manage this rapidly evolving field.
As the nationwide tour is about to begin, the industry generally expects that this will bring new ideas and changes to the regulation of Crypto Assets in the United States. Especially for those small startup teams, this could be a rare opportunity for them to express their views and concerns directly to regulators. This two-way communication is expected to promote the formation of a more balanced and innovation-friendly regulatory environment.