U.S. SEC Chair: Plans to Streamline Regulation, Promote Cryptocurrency Legislation, and Reduce Costs

2026-02-11 17:05:22

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ChainCatcher News, During testimony before the House Financial Services Committee, U.S. Securities and Exchange Commission (SEC) Chair stated that three major initiatives to “Make IPOs Great Again” will be implemented to reduce regulatory burdens, including: streamlining disclosures based on materiality, reducing politicized issues at shareholder meetings, and providing listed companies with alternative litigation mechanisms. He emphasized that the federal regulatory framework for crypto assets is “seriously lagging,” supporting Congress in passing the CLARITY Act, and working with the CFTC through “Project Crypto” to develop token classification and on-chain transaction exemption schemes.

At the same time, the SEC is conducting a comprehensive review and cost-cutting measures for systems such as the Consolidated Audit Trail (CAT), lowering the PCAOB budget and board member compensation, and cracking down on offshore manipulation and fraud through cross-border enforcement, reaffirming that protecting investors and enhancing market efficiency remain core missions.

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