SEC Commissioner Mark Uyeda took issue with SEC Chairperson Gary Gensler's approach when it came to cryptocurrency regulation, saying that while the easiest regulatory response to cryptocurrency and digital asset innovation is to'shut everything down 'under the pretext of bad actors, regulators should create a path to compliance for legitimate efforts. "The Securities Exchange Commission has not yet developed this path."
Mark Uyeda, a proponent of spot bitcoin ETFs who opposed the Securities Exchange Commission's rejection of Coinbase's rulemaking request, and fellow commissioner Hester Peirce questioned the Securities Exchange Commission's handling of NFTs and called on the agency to answer jurisdictional questions when it comes to tokenized digital art.
All of this illustrates what appears to be deep divisions within the leadership of the Securities Exchange Commission. More importantly, the split comes at a time when the agency is engaged in, or preparing for, a legal war with some of the industry's biggest companies: Coinbase, Binance, Uniswap, Consensys and Kraken.
The SEC leadership is deeply divided over cryptocurrency regulation
2024-05-09 14:32:56
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