Uyeda Sets Clear Priorities for SEC Crypto Regulation
SEC Commissioner Mark Uyeda has outlined three immediate priorities for the agency's approach to cryptocurrency regulation. The objectives are centered on creating clearer rules and greater coordination between the Securities and Exchange Commission and lawmakers.
The first priority is ending what Uyeda described as 'regulation by enforcement.' This refers to regulators establishing practical interpretations of laws through enforcement actions rather than providing detailed rules or formal guidance in advance.
The second priority is the issuance of interpretive guidance. Regulatory guidance can help companies and market participants understand how existing laws and regulations apply to particular activities.
The third priority is cooperation with Congress on cryptocurrency legislation. Uyeda's comments indicate that legislative action is viewed as another component of the agency's approach.