{"id":42049,"date":"2024-11-25T06:37:11","date_gmt":"2024-11-25T06:37:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mark-uyeda-poised-to-reshape-secs-approach-to-cryptocurrency\/"},"modified":"2024-11-25T06:37:11","modified_gmt":"2024-11-25T06:37:11","slug":"mark-uyeda-poised-to-reshape-secs-approach-to-cryptocurrency","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mark-uyeda-poised-to-reshape-secs-approach-to-cryptocurrency\/","title":{"rendered":"Mark Uyeda Poised to Reshape SEC\u2019s Approach to Cryptocurrency"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The administration of President-elect Donald Trump may significantly alter the laws governing cryptocurrencies. Current SEC Commissioner and prospective SEC Chair Mark Uyeda has expressed his goal of making the United States a global leader in the cryptocurrency industry.<\/p>\n

Uyeda has criticized the current administration\u2019s stance on digital assets, stating, \u201cThe current administration\u2019s war on crypto needs to stop.\u201d<\/em> He advocates for overhauling the government\u2019s perspective on cryptocurrency. A key question he aims to address is whether digital assets should fall under the SEC\u2019s jurisdiction.<\/p>\n

According to Uyeda, clear guidance is essential. \u201cSome crypto is not even a security at all,\u201d he noted, emphasizing the need for clarity on whether assets are subject to SEC authority. He also proposed creating safe harbors and regulatory sandboxes to foster innovation in the industry.<\/p>\n

Building Collaboration and Reducing Regulatory Burdens<\/h2>\n

Uyeda stressed the importance of collaboration across government branches to establish cohesive rules for digital assets. \u201cWe need to work with Congress, the White House, and other federal regulatory agencies,\u201d<\/em> he said. Additionally, he called for removing unnecessary regulations that hinder crypto innovation.<\/p>\n

Gary Gensler, the outgoing SEC Chair, will step down on Trump\u2019s inauguration day. Gensler\u2019s tenure included significant enforcement actions against major crypto companies like Binance, Coinbase, and Ripple Labs. While Uyeda has been linked to the SEC Chair position, he recently denied rumors of his appointment, suggesting another candidate might take the role.<\/p>\n

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Trump\u2019s administration signals a possible shift toward a more crypto-friendly regulatory environment, potentially changing the industry\u2019s trajectory in the U.S.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) The administration of President-elect Donald Trump may significantly alter the laws governing cryptocurrencies. Current SEC Commissioner and prospective SEC Chair Mark Uyeda has expressed his goal of making the United States a global leader in the cryptocurrency industry. Uyeda has criticized the current administration\u2019s stance on […]<\/p>\n","protected":false},"author":35,"featured_media":42050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42049"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42049"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42050"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}