SEC Interim Chairperson: Consider Establishing a Short-Term Crypto Regulatory Framework to Address the Current Period
Mark Uyeda, the SEC's interim chairperson, said at an event at the agency's Washington headquarters on Friday that the commission could consider establishing a short-term crypto regulatory framework to allow businesses to continue innovating while the agency works out a more permanent answer to digital asset regulation.
"We should consider whether there is a more effective approach to regulation under a more permissive federal regulatory framework," Mr. Uyeda said in a recorded statement played at the agency's latest cryptocurrency industry roundtable. "While the committee works to develop long-term solutions to these issues, a time-limited, conditional exemption framework for registrants and non-registrants may facilitate greater innovation in blockchain technology within the United States in the short term."