US SEC cuts operating expenses for CAT systems

Crypto 7x24

2025-10-01 02:14:16

1.11W

Internet reports that the U.S. Securities and Exchange Commission (SEC) announced that it will approve conditional exemptions to CAT participating institutions in order to reduce the fees of the Consolidated Audit Trail System (CAT). Measures include reducing data processing and storage requirements, and spending is expected to fall by another $20 million to $27 million in 2025 from $196 million. SEC Chairman Paul S. Atkins said the move is the beginning of CAT reform and cost control.

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