SEC leaves cryptocurrency off regulatory agenda

SEC Walk

Full of sound and fury, signifying nothing? The US Securities and Exchanges Commission has released its regulatory agenda for the year, and it makes no mention of cryptocurrency regulation.

No Bitcoin ETF in the near term, then, seems like.

The Office of Information and Regulatory Affairs released the Biden administration’s Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions last week. It details the actions that administrative agencies plan to issue in the near and long term.

These are meant to provide important public notice and transparency about proposed regulatory and deregulatory actions within the Executive Branch, as the accompanying announcement explains.

SEC Seal

SEC Commissioner Gary Gensler commented:

“To meet our mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, the SEC has a lot of regulatory work ahead of us. I look forward to collaborating with my fellow commissioners and the dedicated staff to propose and finalize rules that will strengthen our markets, increase transparency, and safeguard investors.”

Some of the items the SEC will consider include disclosures relating to climate risk, corporate board diversity, and beneficial ownership and swaps. The body will also focus on rules relating to SPACs and short sale disclosure reform.

The full list is available here.

And while many expected the MIT crypto professor to get into the thick of things as far as crypto regulation is concerned, there is no mention of this space in this most recent agenda.

That said, Gensler has been actively talking about the need to protect investors and regulate cryptocurrency exchanges for a while now. Just last month, he urged Congress to pass crypto legislation to protect investors, adding that these crypto trading platforms needed more regulation.

Meanwhile, a growing number of companies are seeking approval to trade Bitcoin exchange traded-funds in the United States.

Oh well, guess we all have to wait!


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