, the Securities and Exchange Commission said it is taking steps to eliminate illegal trading activities in the virtual assets space.
Agama stated that, “The Commission has come as a partner to seek collaboration in making sure that the capital market community is one that is respected globally for decency and fair play.” Commenting on the regulatory framework for digital assets, Agama reassured stakeholders that the SEC is working to establish guidelines that will accommodate the industry. He mentioned that these guidelines, which are currently being refined with input from various stakeholders, will cover activities within the cryptocurrency ecosystem, such as wallet providers, digital asset custodians, fund managers, and cryptocurrency exchange platform providers.