14.05.202614:02 Forex Analysis & Reviews: SEC speeds up rule updates to match modern realities

Meanwhile, in an interview yesterday with SEC chair Paul Atkins, it became clear that, amid rapid technological change and a transforming financial landscape, the US Securities and Exchange Commission recognizes an urgent need to modernize the regulatory framework.

In answering questions, the SEC chief emphasized that existing rules, many of which were written decades ago, no longer adequately reflect current realities and the opportunities enabled by new technologies. Paul Atkins said that an approach grounded in outdated principles had become a brake on innovation and was creating unjustified barriers for business.

Under its "Regulatory Flexibility Agenda," the SEC is expected to lay the groundwork for an unprecedented rule-making push. At present, the agenda includes more than 22 initiatives, covering a broad range of areas. Particular attention is being paid to simplifying disclosure procedures, which would allow companies to communicate information to investors more efficiently and to adapt to new formats and channels. At the same time, work is underway to develop clear, modern approaches to regulating crypto assets, taking into account their unique characteristics and potential risks.

The SEC reformers also say they aim to improve rules on shareholder voting in order to boost investor engagement in corporate governance and to make the process more transparent and effective.

Trading recommendations:

Regarding Bitcoin's technical picture, buyers are currently targeting a return to $80,100, which opens a direct route to $81,700, and from there to $83,600. The most distant target is the high near $85,600, breaching which would signal attempts to return to a bull market. In case of a decline, I expect buyers at $78,200. A drop below that area could quickly push BTC toward $76,300. The furthest target there would be around $74,700.

Regarding Ethereum's technical picture, a clear consolidation above $2,316 opens a direct route to $2,373. The most distant target is the high near $2,446, breaching which would indicate strengthening bullish sentiment and a return of buyer interest. In case of a decline, I expect buyers at $2,244. A return of the instrument below that area could quickly send ETH toward $2,181. The furthest target there would be around $2,114.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.