New crypto rules by approaching? SEC works with El Salvador

The US stock exchange supervision SEC wants to rethink crypto regulation-and is now testing across borders. A pilot project starts in El Salvador with two exciting scenarios.

The initiative is intended to provide hard data for future rules. What does that mean for the crypto future?

El Salvador and Sec: Cooperation in conversation?

The meeting of the SEC with the Cnad discussed plans for El Salvador, like in one Protocol recorded on the Commission's website. In the meeting, the parties explicitly discussed priorities in harmony with the initial Explanation by Commissioner Hester Peirce to announce the crypto-task force.

Of the four goals mentioned, the idea of ​​a “cross -border sandpit” was mentioned first.

“This initiative offers the SEC crypto-task force a live case study in order to evaluate optimized regulatory approaches for digital assets-a opportunity to observe and refine framework works that could improve the innovation on the US market. An important lesson from the experience of El Salvador is the transformative potential of token, especially in the real estate sector,” said it.

This Sandbox is implemented in the form of a pilot program with two scenarios, each cost $ 10,000 or less.

In scenario 1, a real estate agent based in the USA works with a Salvadorian tokenization company. They enable crypto investors to acquire tokenized shares in a property.

Scenario 2 tests the ability of these companies to obtain capital through the sale of tokenized shares and to actually use this capital to carry out a project. It is not specified which project it is, but real estate is in no way mentioned in this scenario.

Both projects will provide the SEC valuable data about common business projects in El Salvador.

Representatives from El Salvador and the SEC were made by Erica Perkin, one on crypto-assets specialized Lawyer, and Heather Shemilt, a former partner at Goldman Sachs.

According to the document, the participants discussed these proposals, but it seems that they have not reached a binding agreement.

The Task Force only sent some of its employees to this meeting, no commission member was actually present. Nevertheless, this partnership with El Salvador of the SEC could give many useful insights.

This plan offers a cost -effective way of concrete data over half of the most important priorities of the To collect task force.