SEC Commissioner Mark Uyeda Urges End to Agency’s Crypto War
Mark Uyeda from the SEC thinks the agency should stop being so harsh on crypto companies. He’s saying that if no one’s getting hurt or scammed, the SEC should ease up. Over 100 companies have faced legal issues lately, some just for not registering. This could change under new leadership.
I would say that is guaranteed with a new administration coming in.
Gary Gensler is going to be gone either way.
What time is it?
Its Crypto Time
Let's Go!
Uyeda’s stance connects with President-elect Trump’s campaign ideas, which suggest a less aggressive approach to crypto. If Trump’s administration puts in new leaders, like Uyeda, the SEC might start focusing only on cases where there’s actual harm. This means more breathing room for legitimate companies to grow without constantly fearing punishment for small oversights.
Trump’s team might definitely replace the current SEC chair, Gary Gensler as promised in his campaign. Gensler has been very strict on crypto.
Names like Uyeda, Dan Gallagher, and Paul Atkins are being considered for the role. Each of these people seems more open to a balanced approach that doesn’t punish companies unnecessarily. A new chair could bring big changes to how crypto is handled in the U.S.
Why Some Are Frustrated with the Current SEC Chair
Gary Gensler, the current chair, sees most crypto tokens as “securities,” which means they should follow strict rules. But crypto leaders feel this stance is outdated and overly tough. Some, like Ripple’s CEO, even call it a “reign of terror.” Gensler’s critics argue that instead of crushing crypto with rules, the SEC should make guidelines that are clear and allow the industry to develop safely.
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