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The Digital Chamber lists the new SEC's first-day priorities, including the Hinman speech and reviewing existing cryptocurrency cases

2024-12-19 08:11:33

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that during a meeting this week with staff from SEC commissioners Hester Peirce and Mark Uyeda, the Token Alliance of the Digital Chamber pointed out that addressing the 2018 Hinman speech is a priority for the Corporation Finance division on its first day, citing its lack of relevance to the Howey test, which has caused market confusion and "improperly created a winner/loser dynamic."

Other items marked as "key" priorities for the first day include:

  • Initiating a review of all existing crypto-related investigations, Wells notices, and ongoing litigation, and seeking to pause those cases that do not involve actual fraud or investor harm;
  • Rescinding SAB 121 and publishing a rescission order in the Federal Register;
  • Formally withdrawing and reconsidering the proposed amendment to Rule 3b-16, which proposed to expand the definition of "exchange" to include DeFi protocols;
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