SEC discusses deepening US-El Salvador ties amid deportation backlash
The US Securities and Exchange Commission's (SEC) crypto task force met with El Salvador's National Commission on Digital Assets (CNAD) to discuss regulatory collaboration and a proposed cross-border sandbox. The SEC's memo from April 22 highlighted discussions on establishing a pilot program allowing US-licensed brokers to obtain digital asset licenses in El Salvador for issuing non-securities tokens. Salvadoran President Nayib Bukele is recognized for promoting cryptocurrency adoption since Bitcoin was declared legal tender in 2021. The meeting occurred amid heightened attention on US-El Salvador relations regarding immigration and deportations. Paul Atkins was sworn in as the new SEC chair, prioritizing a solid regulatory framework for digital assets.
