The United States Securities and Exchange Commission may soon event new rules for the regulation and registration of security-based swaps, including cryptocurrency.

In a voice communication to the American Bar Clan Derivative and Futures Law Commission, SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year. The changes are designed to increase transparency and reduce risk to the market. The new requirements that will go into effect in November include new counterparty protections, requirements for capital and margin, internal adventure management, supervision and chief compliance officers, trade acknowledgement and confirmation, and recordkeeping and reporting procedures. Starting next Feb, for instance, swap data repositories will exist expected to disclose information virtually private transactions to the public.

Gensler antiseptic:

"Thus, I've asked staff to consider ways we can keep to increase transparency and reduce adventure through our unused government, especially with regard to security-based SEFs [Swap Execution Facility] and position reporting."

Toward the terminate of his voice communication, Gensler said trade reporting rules will use to cryptocurrencies if the products are security-based swaps:

"Make no mistake: It doesn't matter whether it's a stock token, a stable value token backed by securities, or whatsoever other virtual product that provides synthetic exposure to underlying securities. These platforms — whether in the decentralized or centralized finance space — are implicated by the securities laws and must piece of work within our securities regime."

Related: Is it time for the The states to create a 'Ripple test' for crypto?

Any offer or auction to retail participants must be registered under the Securities Act of 1933. Gensler said the SEC will use all of the tools they have to make sure investors are protected in these cases.

Regulations for cryptocurrencies take been a major talking signal within a number of U.S. government agencies in recent months. The Chairman of the Federal Reserve took a hard line on the need for stricter regulations for stablecoins on July 14, going on to hash out the possibility of a U.S. digital dollar earlier Congress last week. A bill was also introduced to Congress that is meant to provide greater legal definition to digital assets and reduce the fearfulness of future regulations with regard to blockchain-based tokens. On Monday, a meeting on regulations for stablecoins by the President'south Working Group on Financial Markets shared that it expects to release recommendations for such regulations in the coming months.