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

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.”