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.
Sec Commissioner Uyeda Calls Agency’s Crypto Regulation Approach A ‘disaster’
Suswati Basu, ReadWriteWeb
Fri, 10/11/2024 - 5:28am
Topics: we u.s exchange commission sec commissioner mark uyeda speaking fox business thursday oct sec chair gary gensler s northpool9 october within gary gensler commissioner hester peirce united states sec s new york university u.s featured japan council canva sec commissioner uyeda u.s uyeda sec commissioner mark uyeda sec uyeda sec exchange commission in gensler gensler s gensler gary gensler north readwrite calls agency s crypto regulation agency s crypto regulation approach crypto regulation approach a disaster enforcement actions policy rules reported people policies provide guidance cryptocurrencies asked courts stated
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