SEC Trends meets with Fidelity and MITRE to discuss "ETF stake" and DeFi regulation

The US Securities and Exchange Commission (SEC) Cryptocurrency Working Group disclosed that it met with representatives of Fidelity and MIT's affiliated R&D institution MITRE last week to discuss the supervision of on-chain incentives such as cryptocurrency ETF stake, and how to regulate Decentralized Finance, Stable Coin。 Bernstein: Ethereum spot ETF stake may be approved soon!) ETH inflows are expected to double) (Background supplement: three perspectives: the potential impact of the stake mechanism on the development of ETH ETF) According to the meeting memorandum document disclosed by the US Securities and Exchange Commission (SEC) today (25), the Cryptocurrency Working Group (CTF) led by SEC member Hester Peirce, known as the "mother of encryption", Met with representatives of asset management giant Fidelity on February 20. The SEC talks to Fidelity ETF Open STAKE last year at a meeting where the BTC, Ethereum Spot ETF and Fidelity discussed "ways to address issues related to the regulation of encryption's assets" with SEC encryption working group staff. The talks included the Customer Protection Rules relating to Broker-Dealers' interactions with digital asset securities (Rule 15c3-3), which aims to safeguard the custody and use of client funds and securities. Develop standardized digital asset ETP listing rules (ETP is a collective term for exchange-traded products, and ETFs are one of the products). Clarify the STAKE assets that fund sponsors can choose and the relevant operating specifications of STAKE. The scope of discussion on how to deal with rewards related to certain Block chain-based tokens and financial instruments may cover the regulation of on-chain incentives such as stake earnings and LiquidityMining. It is worth noting that this news confirms the recent rumors that the SEC is "very interested" in opening cryptocurrency ETF stakes, and last week the FOX business reporter quoted sources as breaking the news that the SEC intends to open the Ethereum spot ETF for stake, and has even asked the industry to provide a memorandum. The different types of stakes and their benefits are detailed, and the SEC may soon issue a guidance on stakes. If the SEC does open Ethereum spot ETF stakes, experts are optimistic about paving the way for institutions and TradFi participants to adopt Ethereum and become a key catalyst for Ethereum's rise, and may also open the door to future post-listing stake licenses for potential copycat ETFs such as XRP and SOL. Read more: People familiar with the matter: SEC "very interested" in Cryptocurrency ETFstake, could it be a catalyst for ETH's rise? SEC and MITRE Discuss Decentralized Finance, Stable Coin Regulation On the other hand, a meeting memorandum released by the SEC today also shows that after the ouster of hawkish chairman Gary Gensler, the SEC, which has shifted to a relaxed regulatory stance, is working to understand how to regulate the field of Decentralized Finance. According to the memo, on February 21, the SEC Cryptocurrency Task Force met with representatives of MITRE, a U.S. nonprofit research organization that manages several federally funded R&D centers that support various U.S. government agencies in defense, aviation, homeland security, cybersecurity, and more. MITRE, the operator of R&D centers funded by the U.S. Treasury Department, discussed in depth with the SEC the topics of Stable Coin and Decentralized Finance regulation: promoting a coordinated, logic-based approach to Stable Coin regulation, and developing tools to support the process of collecting and analyzing regulatory opinions. IVAN Digital Asset Threat Sharing Platform. The results of a study on implicit centralization in the decentralized finance market. Bank stress test for the connection scenario between Decentralized Finance and TradFi (TradFi) system. Circuit breakers need to be set up at the Smart Contract level to mitigate risk transmission. Note, MITRE is a non-profit organization established in 1958, originated from the Lincoln Computer Laboratory of MIT, responsible for managing a number of federally funded research and development centers in the United States, and has important influence in the field of information security, including maintaining the CVE vulnerability database and proposing the ATT&CK information security framework Related reports Encryption mother Hester Peirce: ETF physical redemption and stake are expected to start! US encryption regulation or will be clear SEC and CFTC will cooperate to regulate cryptocurrency? Fox: The two sides may restart the joint advisory committee a16z to the SEC six reform proposals: relax securities identification, modify group offering regulations, loosen broker restrictions... Figure Markets launches the first "SEC-approved" interest-bearing Stable CoinYLDS, subject to a restriction that "SEC Trends" meets with Fidelity and MITRE to discuss "ETFstake" and Decentralized Finance regulation" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Block Chain News Media".