Wintermute Meets SEC Digital Asset Task Force

 

Wintermute Meets SEC Digital Asset Task Force

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🛑 Wintermute Engages with SEC’s Digital Asset Task Force

💡 Key Takeaways:
✔️ Wintermute met with SEC's Digital Asset Task Force to discuss U.S. regulatory hurdles
✔️ The meeting follows a letter sent by crypto attorney Jason Gottlieb to Commissioner Hester Peirce
✔️ Discussions centered on market-making, jurisdictional clarity & fair regulatory practices

📢 Wintermute’s Position:
📌 “We have avoided setting up a U.S. entity due to unclear and arbitrary regulations.”

📢 SEC’s Shift in Stance?
🔹 SEC under acting chair Mark Uyeda is exploring a less adversarial approach toward digital assets.
🔹 The Task Force aims to clarify regulatory uncertainty and engage with global market players.

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⚖️ Regulatory Uncertainty & Key Discussion Points

🔍 Topics Discussed:
✔️ Defining Digital Asset Market Makers under the 1934 Securities Exchange Act
✔️ Assessing SEC's authority in monitoring market manipulation
✔️ Clarifying 'Dealer' classification in liquidity provision
✔️ How SEC can promote regulatory best practices

📢 Wintermute cited the SEC's case against Cumberland DRW, questioning the application of dealer registration to liquidity providers.

📢 Peirce’s Inquiry Paper: “There Must Be Some Way Out of Here” 💬
🔹 A public request for industry input, featuring 48 key questions on digital asset regulations.

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U.S. Market Entry & The Future of Crypto Regulation

📢 Wintermute’s Expansion Plans:
💡 CEO Evgeny Gaevoy previously hinted at a U.S. office launch pending regulatory clarity.

✅ What This Means for Crypto Markets:
✔️ A shift toward open dialogue between regulators & industry leaders
✔️ Potential improvements in SEC’s enforcement approach
✔️ Increased U.S. market entry for international firms