SEC Acting Chairman Mark Uyeda withdrew a proposed rule to expand oversight of digital asset platforms.
Revisiting Crypto Regulation Oversight
SEC Acting Chairman Mark Uyeda called for halting a proposed rule that would have extended SEC jurisdiction to include certain 'communications protocols,' potentially affecting various crypto platforms.
Rethinking Digital Asset Rules
The appointment of key figures supportive of the digital asset sector led to significant policy changes. Former PayPal executive David Sacks and other influential figures now hold key positions facilitating a reevaluation of regulatory approaches.
The Future of Crypto Regulation
Republican Commissioner Hester Peirce is overseeing regulation changes, planning themed discussions. This follows the SEC's acknowledgment that meme coins fall outside securities laws.
These steps represent a softer regulatory approach, encouraging a reassessment of crypto rules with a fresh perspective. The new SEC leadership is advancing revisions to better align with the rapidly evolving crypto market.
