SEC Chair Mark Uyeda has proposed a temporary regulatory framework for the crypto industry, which could encourage innovation in blockchain technologies in the US.
Flexible Regulations from Mark Uyeda
SEC Chair Mark Uyeda announced a temporary regulatory framework for the crypto industry during a Washington event on April 11, 2025. The proposal aims to provide market flexibility while long-term regulation is crafted.
Crypto Community Reactions
The crypto community has responded with cautious optimism, viewing this step as a potential catalyst for growth. Opinions within the industry vary, but many believe that a temporary framework could foster stronger trust and stability in the market.
Bitcoin Price Analysis
As of the time of publication, the price of Bitcoin (BTC) is $83,159.29 with a market cap of $1.65 trillion. The 24-hour trading volume has decreased by 12.85%. Despite the price drop over the last 90 days, BTC's dominance in the market remains strong at 62.86%.
The SEC's proposed temporary regulation could shift the US's position in blockchain innovation, increasing market confidence and stimulating investment.
