365int
A Band-Aid for Blockchain?
Acting SEC Chair Mark Uyeda believes the U.S. crypto industry needs a quick fix while long-term regulations are still in the works. At an April 11 roundtable titled “Between a Block and a Hard Place,” Uyeda suggested a temporary, conditional framework that would grant exemptive relief to crypto firms. This would allow them to operate under a single SEC license instead of navigating a maze of state-level rules.
One License to Rule Them All
Uyeda warned that the current patchwork of state-by-state crypto regulations could stifle innovation. He proposed a federal framework that would ease the burden for companies offering tokenized securities and non-security crypto assets. This approach aims to streamline operations and foster growth within the U.S. crypto market.
Blockchain’s Potential in Finance
Highlighting the benefits of blockchain technology, Uyeda noted its potential to execute and clear securities transactions more efficiently than current processes. He emphasized that blockchains could be used to manage and mobilize collateral in tokenized form, increasing capital efficiency and liquidity.
Leadership Transition Ahead
Uyeda will continue serving as acting SEC chair until President Donald Trump’s nominee, Paul Atkins, is officially sworn in. The Senate confirmed Atkins on April 10, signaling a potential shift in the SEC’s approach to crypto regulation.
