Crypto Clarity Coming? SEC Considers Conditional Exemptions to Fuel Innovation

Crypto Clarity Coming: SEC Talks Fast-Tracking Crypto-Friendly Rules

According to acting US Securities and Exchange Commission (SEC) chair Mark Uyeda, an expedited temporary crypto regulatory framework might support innovation in the US crypto business. At the same time, permanent regulations are still being developed. During the April 11 roundtable of the SEC’s Crypto Task Force, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” Uyeda gave a speech.

A time-limited, conditional exemptive relief framework for registrants and non-registrants could allow for greater innovation with blockchain technology within the United States in the near term,

Uyeda

Uyeda: A Unified Crypto Framework Could Transform U.S. Blockchain Regulation

As the SEC seeks a long-term solution, Uyeda stated that this could be a temporary fix. He raised concerns about state-by-state regulation of cryptocurrency trading, stating that it might result in a patchwork of state licensing policies.

According to Uyeda, market participants who want to sell tokenized securities and non-security crypto assets would find it easier to do so under a supportive federal regulatory framework. Instead of managing fifty separate state licenses, they would be able to operate under a single SEC license. He asked participants in the cryptocurrency sector to provide input on potential areas for exemptive relief.

Blockchain technology offers the potential to execute and clear securities transactions in ways that may be more efficient and reliable than current processes. Blockchains can be used to manage and mobilize collateral in tokenized form to increase capital efficiency and liquidity,

Uyeda

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