The US Securities and Exchange Commission (SEC) has unveiled some initiatives that include crypto-assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the SEC’s top priorities over the next four years.
SEC’s strategic plan for fiscal years 2022-2026
Last week, the US Securities and Exchange Commission (SEC) published its “Strategic Plan” for the fiscal years 2022-2026. The regulator said that “the initiatives outlined in this Strategic Plan are intended to address its top priorities over the next four years.”
One of the goals of the Strategic Plan is to “develop and implement a robust regulatory framework that keeps pace with evolving markets, business models and technologies.”
The securities regulator explained that an initiative aimed at achieving this goal is to “explore strategies to address systemic and infrastructure risks facing our capital markets and our market participants.” Noting that “the rapid growth in crypto-assets” also represents a risk, the watchdog said it is better prepared for the risks in this category:
The SEC should pursue new authorities from Congress where necessary, continue to work effectively with other regulators, and engage more proactively in digitization initiatives.
Another initiative outlined in the Strategic Plan is to “recognize significant developments and trends in our evolving capital markets and adjust our activities accordingly.” The security watchdog emphasized:
The SEC should also continue to build its expertise in, and devote more resources to, product markets outside of equities—including crypto-assets, derivatives, and fixed income—and maintain an agile and flexible approach to quickly address market changes.
The SEC also explained that in developing the Strategic Plan, it took into account information from “meetings with the many internal and external parties with which the agency interacts on a regular basis, including members of Congress and congressional committees, investors , businesses, financial market participants, academics and other experts and stakeholders.”
SEC Chairman Gary Gensler emphasized:
The SEC pursues our threefold mission: to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation.
What do you think of the SEC’s strategic plan involving crypto-assets? Let us know in the comments section below.
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