US SEC lowers CAT system operating expenses
U.S. Securities and Exchange Commission (SEC) announced that in order to reduce the costs of the Consolidated Audit Trail (CAT) system, it has approved conditional exemptions for CAT participants. The measures include reducing data processing and storage requirements, with projected spending expected to decrease by an additional $20-27 million from the current $196 million by 2025. SEC Chairman Paul S. Atkins stated that this is the beginning of CAT reform and cost control.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock Makes Statement on Bitcoin: “Outflows Are Natural”
Founder Speaks About the Altcoin Arthur Hayes Slammed
Visa and Aquanow Provide Lightning-Fast Settlements for International Transactions
- Visa partners with Aquanow to expand stablecoin settlements in CEMEA, aiming to modernize cross-border payments using USDC and reduce costs. - The initiative builds on a 2023 pilot, now scaling to $2.5B monthly volume, enabling 365-day settlements without delays. - Aquanow, a licensed UAE-based liquidity provider, processes billions in crypto transactions, supporting regulatory compliance. - Visa's strategy aligns with industry trends, competing with peers like Mastercard and Amex , while addressing regu
Data: Ethereum staking ratio has reached 28.65%, and Lido's market share has reached 24.12%.
Trending news
MoreCrypto prices
More
