On June 2, the SEC published its draft strategic plan for fiscal years 2026 through 2030 for public comment, stating that the plan centers on the agency’s three-part statutory mission to protect investors; maintain fair, orderly and efficient markets; and facilitate capital formation. The draft plan sets three goals: (i) updating the SEC’s regulatory policy focus to support innovation, capital formation, market efficiency and investor protection; (ii) changing regulatory practices to increase stakeholder engagement, facilitate compliance, and focus enforcement on violations of established law, including fraud and manipulation; and (iii) improving operational efficiency through organizational changes, technology modernization, employee performance management, and internal performance reporting.

The draft plan includes further objectives to address the application of securities laws to digital assets, tokenized offerings, onchain infrastructure, custody, trading, staking, and SEC-CFTC jurisdictional questions, as well as to expand pathways for entrepreneurs to raise capital in private and public markets and to conduct retrospective reviews of existing rules. It also calls for reviewing legacy technology systems such as the EDGAR system, expanding responsible AI use, assessing the SEC’s administrative law framework against constitutional principles, and drawing on stakeholder input from Congress, investors, businesses, financial market participants, academics, and other experts. Comments on the draft plan are due by July 2.