Regulators often overlook the intent of federal securities laws, focusing instead on complex rules that hinder innovation, particularly in the digital asset sector. U.S. regulations have remained outdated, stifling competition while the global market advances. In light of new leadership under President Trump, there is potential to reshape financial regulatory frameworks to be more flexible and forward-looking. Former SEC Chairman Harvey Pitt proposed establishing guiding principles akin to the Ten Commandments to govern market conduct. The core intent of securities laws is to ensure transparent and fair transactions. Ten commandments derived from these principles emphasize full disclosure of material information, the prohibition of deception and manipulation, equal treatment of investors, and the need for accurate financial disclosures. The focus is on transparency, conflict avoidance, and the creation of efficient markets to restore trust and stimulate innovation. Embracing these principles can lead to adaptive regulations that support emerging technologies and a robust financial landscape.

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