【BTIG Executive: Even with Personnel Changes at the U.S. SEC, Future 'Jurisdictional Disputes' Remain】

An Shouzhen reports that BTIG's Head of Policy Research Isaac Boltansky announced that the U.S. Securities and Exchange Commission (SEC) is about to undergo personnel changes. If confirmed by the Senate, Paul Atkins will replace Gary Gensler for a five-year term. However, Isaac Boltansky warned that despite the personnel changes at the SEC, future 'jurisdictional disputes' will still exist, pointing out that the agency and the U.S. Commodity Futures Trading Commission sometimes clash over cryptocurrency regulation issues because 'there are too many cooks in the kitchen, and they cannot agree on what they are doing.' Furthermore, the critical question of whether cryptocurrencies should be classified as securities is still being litigated in court, exceeding the jurisdiction of U.S. federal regulators. The next Congress is expected to be slightly led by Republicans, which may at least lead to clearer regulations on stablecoins.