cryptocurrency Investors were excitedly waiting for a concrete step, and Mark Uyeda just announced it. Promising to bring regulatory clarity to cryptocurrencies, Trump began doing so by getting Gensler to resign. He appointed crypto-friendly Uyeda as interim president and he started to do what was necessary.
SEC and Crypto 2.0 Move
Remember how Operation Choke Point 2.0 hit crypto? Now the Crypto 2.0 operation begins. Today, SEC Deputy Chairman Mark T. Uyeda said, crypto assets launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for The task force will be led by Commissioner Hester Peirce.
Peirce has been a strong supporter of crypto and has been a dissenting voice against the SEC for years. That’s why his leadership is so important. The official announcement reads:
“The Task Force will collaborate with Commission staff and the public to move the SEC on a sensible regulatory path that respects the limits of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting new and untested legal interpretations along the way. Clarity on who should register and practical solutions for those who wish to register have been elusive. The result has been confusion about what is legal, creating an environment hostile to innovation and conducive to fraud. The SEC can do better.
“The focus of the Task Force will be to help the Commission draw clear regulatory lines, provide realistic pathways for registration, establish sensible disclosure frameworks and make judicious use of enforcement resources.”
Deputy Chairman Uyeda said;
“Commissioner Peirce said, SEC“I look forward to his efforts to lead regulatory policy on crypto involving multiple divisions and offices of .”
One really wonders where to go and the excitement of the process is increasing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
