SEC Acting Chair: Considering Establishing a Short-Term Crypto Regulatory Framework to Address the Current Period

Blockbeats
04-12

BlockBeats News, April 12th, U.S. SEC Acting Chair Mark Uyeda said on Friday at an event held at the agency's headquarters in Washington that the Commission could consider establishing a short-term crypto regulatory framework to allow businesses to continue innovating while the agency develops a more permanent solution for regulating digital assets.

“We should consider whether there are more effective ways to regulate under a more flexible federal regulatory framework,” Uyeda said in an audio statement played at the agency's latest cryptocurrency industry roundtable. “While the Commission is working on developing long-term solutions to address these issues, creating a time-limited, conditional waiver framework for both registered and unregistered participants may promote greater innovation in U.S. blockchain technology in the short term.”

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