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U.S. SEC Trading and Markets Director: The "trustless" mechanism of digital assets needs to operate within a "trusted" market.
PANews, November 21 news, Jamie Selway, Director of the Division of Trading and Markets at the SEC, stated at the SIFMA Market Structure Conference that although crypto assets are built on a decentralized mechanism of “trustlessness,” healthy trading still relies on a market structure based on “trust.” Selway pointed out that the SEC will promote clear regulatory rules through “Project Crypto” to support competition and innovation, avoiding regulatory distortions of fair competition in the market. He emphasized that whether new or old market participants, policy-making should treat everyone fairly, as the market itself is the ultimate judge of value.