90-day action plan for SEC reforms: The Digital Chamber of Commerce has proposed a 90-day action plan focused on reforming SEC regulations for digital assets. This plan includes key measures to rescind the Hinman speech and SAB 121, promoting a clearer legal framework.
Reset relations with SEC under new leadership: With President-elect Donald Trump taking office, stakeholders see this as a chance to reset their relationship with the SEC. The Digital Chamber’s proposals aim to align regulatory practices with the needs of the evolving crypto industry.
Urgent removal of outdated regulations: The proposed reforms emphasize the urgent need to rescind the SEC’s 2019 guidance labeling digital assets as “investment contracts.” This outdated rule has contributed to confusion within the industry, hindering innovation and growth.