The SEC's Mark Uyeda said the agency needs to consider proposing rules or guidance to regulate cryptocurrencies.
Securities and Exchange Commission's Mark Uyeda said the agency needs to consider proposing rules or guidance to regulate cryptocurrencies instead of taking a more enforcement-like approach.
"Unfortunately, the SEC did not take this approach and instead is pursuing a case-by-case approach through enforcement actions. As a result, it will take years to reach any type of legally-binding precedent, as matters will need to wind their way through the courts before reaching the court of appeals level," Uyeda said on Monday in prepared remarks in London.
The crypto industry has argued that they have a difficult time being compliant and still competitive without a clear regulatory path forward in the U.S.SEC Chair Gary Gensler has stayed true to his views that most cryptocurrencies are securities, except for bitcoin, and that crypto firms need to register with the agency. In its charges against crypto firms, the SEC often cites the Howey Test, a 1946 U.S.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paul Finebaum: Alabama-LSU is ‘most-important’ rivalry in SECCrimson Tide hosts Tigers on Saturday night
Read more »
Looming migrant caravan re-ignites Republican demands for changes at the border: ‘Brace for the impact’Republicans are calling for more action to secure the southern border, as another caravan of thousands of migrants makes its way to the U.S.
Read more »
‘College GameDay’ unanimously picks Alabama-LSU, talks Auburn-Vandy, and Corso’s huge upset'College GameDay' was SEC heavy Saturday in Tuscaloosa.
Read more »
Democrats on the Verge of Shock Upset in Republican HeartlandPolling and bookies suggest Democrat Brandon Presley could beat incumbent Tate Reeves to become governor of Mississippi.
Read more »
LSU vs. Alabama prediction: College football Week 10 picks, oddsA showdown between two SEC West behemoths, LSU and Alabama, down in Tuscaloosa.
Read more »
EDITORIAL: Sullivan combats fellow Republican’s ‘national security suicide mission’As a Marine Corps reservist and member of the Armed Services Committee, Sullivan is well aware of the consequences Tuberville’s intransigence is wreaking on U.S. military readiness.
Read more »