Is the US changing its stance toward Crypto's?
Let's be real the US is behind the rest of the World in regard to accepting and permitting use in Society. After reading this post I am wondering if there are true changes and the tide is shift?
The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products.
The SEC is “actively working on regulations that might one day permit crypto versions of ETFs,” the Financial Times reported Friday, citing Clayton. The SEC is collaborating with other U.S. regulators, such as the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC), to determine which regulator has jurisdiction over different crypto products.
Tokenisation allows a designated cryptocurrency asset — similar to bitcoin [BTC] — to represent a single security, such as a stock, or a basket of securities, like a fund or an ETF,” the Financial Times explained.
I know I personally want the US to do well and do the right thing(s)! I hope that more is being performed behind the scenes to upgrade the old systems and permit enough new to allow adoption and perhaps lead.
Enjoy the Journey!