American Securities Association Advocates for SEC Regulatory Revisions Post-Trump Victory
American Securities Association and SEC Reform
The American Securities Association (ASA) has expressed strong support for regulatory changes following the election of Donald Trump, which may reshape the SEC under Gary Gensler. As the crypto industry braces for a new approach to digital assets, Chris Iacovella voiced that Gensler's position may soon become untenable, given the industry's overwhelming push for reform.
Impact on Coinbase Global and Terraform Labs
Leading firms like Coinbase Global and Terraform Labs faced intense scrutiny and enforcement actions under Gensler’s stewardship. The anticipated shift in SEC enforcement policy could alleviate the pressure on these companies, encouraging growth in the dynamic crypto space.
Future of SEC Enforcement and Regulations
- Expectations are set high for upcoming regulations that might foster a more beneficial environment for innovation.
- The Trump administration's new Congress may support bipartisan legislation that aligns with these goals.
- Although challenges remain, especially regarding past enforcement actions against firms like DRW Holdings, the tone is shifting.
Voices from the Industry
As industry leaders such as Hester Peirce prepare for potential changes, the sentiment is clear: crypto is here to stay, and regulatory frameworks need to evolve to recognize this.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.