Comment on SEC Commissioner Uyeda calls agency’s crypto regulation approach a ‘disaster’

SEC Commissioner Uyeda calls agency’s crypto regulation approach a ‘disaster’

The U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda has labeled the agency’s approach to regulating crypto a “disaster,” and that the agency has “done nothing” to clarify rules.” Speaking on a Fox Business panel on Thursday (Oct. 10), Uyeda pointed out the reported regulatory gaps left by SEC Chair Gary Gensler’s crypto strategy. According to Gensler, cryptocurrencies could still be regarded as stores of value, but their potential as a means for everyday payments remains unlikely.

 

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