Crypto Industry Needs Quick Fix!

The U.S. crypto sector, under acting SEC chair Mark Uyeda, calls for a temporary regulatory framework to boost innovation while permanent regulations form. In a roundtable discussion on crypto trading, Uyeda stressed a time-limited, exemptive relief could address current challenges. This would unify regulation under one federal framework, as opposed to navigating varied state laws. By promoting blockchain's efficiency in finance, Uyeda sees temporary relief as crucial until lasting solutions emerge, in line with the pro-crypto stance of Uyeda, who succeeded Gary Gensler as the acting SEC chair.