Incoming SEC leadership are poised to kick start crypto overhaul, report states

A crypto overhaul could be coming much sooner than anticipated, as reports say changes could be seen as early as next week.

On January 20, next Monday, the inauguration of Donald Trump as the 47th president will take place, with all eyes from the crypto community on the businessman-turned-politican.

According to Reuters, three people briefed on the matter say top Republican officials in the U.S. Securities and Exchange Commission are ‘poised to begin overhauling the agency’s cryptocurrency policies…’

In addition to this, two people are quoted as saying “among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would ultimately lead to guidance or rules clarifying when the agency considers a cryptocurrency to be a security, and reviewing some crypto enforcement cases pending in the courts.”