The Securities and Exchange Commission (SEC) has published its Strategic Plan for fiscal years 2022 to 2026, The high-level document is required under the Government Performance and Results Modernization Act of 2010.
The brief outline declares three goals:
- Protect the investing public against fraud, manipulation, and misconduct;
- Develop and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies; and
- Support a skilled workforce that is diverse, equitable, and inclusive and is fully equipped to advance agency objectives.
The document does mention crypto as a risk to capital markets:
Future market volatility driven by market or external events such as the pandemic, the evolution of markets without subsequent strengthening of agency authorities, and the rapid growth in crypto assets all represent evolutionary risks.
To be better prepared for, and more agile in, its response to such risks in the future, the SEC must pursue new authorities from Congress where needed, continue to effectively collaborate with other regulators, and engage more proactively on digitization initiatives.
The SEC has recently been the target of criticism from some corners in regard to its oversight of crypto markets.
Periodically, the SEC updates its rulemaking agenda, which can display further evidence of its objectives.
