The US financial inspection (SEC) is launching a federal working group to "develop a comprehensive and clear regulatory framework for crypto assets", reports CNBC.
What is expected to come out of this is far-reaching relaxations of today's regulatory framework for the multi-billion industry.
The working group was announced by the authority's acting chairman Mark Uyeda, but it will be led by SEC Commissioner Hester Peirce.
We look forward to promoting a regulatory framework that protects investors, facilitates capital formation, promotes market integrity, and supports innovation, she says.
After the announcement, the price of one unit of the most well-known cryptocurrency, bitcoin, rose from approximately 103,500 to over 107,000 dollars.
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