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Mark T. Uyeda: speeches

11 speeches by Mark T. Uyeda listed between 20 February 2025 and 11 April 2025. Roles covered: Chair of the U.S. Securities and Exchange Commission (21 January 2025 – 20 April 2025). Most frequent topics: payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk.

Last updated 10 November 2026 · newest first

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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the Crypto Task Force Roundtable on Crypto Trading

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair floats a federal licence for crypto trading to replace the state patchwork.

Problems raised
  1. Crypto trading grew outside federal oversight.
  2. State licensing risks a patchwork of rules.
  3. Securities rules hinder trading of tokenized securities.
Solutions proposed
  1. Consider a single federal licence for crypto trading.
  2. Adapt rules for brokers and exchanges.
  3. Offer time-limited conditional exemptions meanwhile.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the 44th Annual Small Business Forum

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair proposes widening who can invest in private companies.

Problems raised
  1. Early-stage capital raising costs too much in legal fees.
  2. Few individuals qualify to invest in private companies.
  3. Reporting duties weigh heavily on small public firms.
Solutions proposed
  1. Design rules with proportionate compliance costs.
  2. Consider new ways to qualify as an accredited investor.
  3. Harmonise company size categories and scale disclosure.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks to the Annual Conference on Federal and State Securities Cooperation

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe SEC questions whether state rules should still apply to resales of some exempt securities.

Problems raised
  1. State laws complicate resale of some exempt securities.
  2. This harms secondary liquidity for Regulation A offerings.
  3. Small businesses find it harder to raise capital.
Solutions proposed
  1. Review which transactions deserve federal preemption.
  2. Consider the right degree of preemption.
  3. Cooperate closely with state regulators.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the SEC Roundtable on Artificial Intelligence in the Financial Industry

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair signals a lighter, evidence-based approach to regulating AI in finance.

Problems raised
  1. AI may open gaps in the regulatory structure.
  2. AI brings new risks for markets and investors.
  3. Rules must stay within the SEC's legal authority.
Solutions proposed
  1. Give guidance that encourages innovation and protects investors.
  2. Base action on data and evidence.
  3. Favour effective, cost-efficient regulation.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the Crypto Task Force’s Inaugural Roundtable

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe SEC's first crypto roundtable marks a shift from enforcement to rulemaking on digital assets.

Problems raised
  1. Applying the Howey test to crypto creates uncertainty.
  2. Crypto was handled mostly through enforcement actions.
  3. Market participants lacked clear guidance.
Solutions proposed
  1. Give guidance through rulemaking and releases.
  2. Use public comment to classify crypto assets.
  3. Hold roundtables as a first step.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks to the Investment Company Institute’s 2025 Investment Management Conference

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair signals that pending rule proposals will be reconsidered or withdrawn.

Problems raised
  1. Some rule proposals were poorly reasoned.
  2. Old proposals may no longer fit the market.
  3. Investors face retirement saving challenges.
Solutions proposed
  1. Return to the basics of sound rulemaking.
  2. Re-propose rules when much time has passed.
  3. Treat capital raising and investor protection as linked.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks to the 2025 Annual Washington Conference of the Institute of International Bankers

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair warns that rushed Treasury clearing rules could deter foreign investors.

Problems raised
  1. Rushed Treasury market rules may deter foreign investors.
  2. US debt service costs are very high.
  3. Some rules may amplify stress in downturns.
Solutions proposed
  1. Implement new rules carefully and fix operational issues.
  2. Allow countercyclical buffers and dynamic risk tools.
  3. Cooperate with regulators in other markets.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the Meeting of the Investor Advisory Committee

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair focuses on scams targeting vulnerable investors and on AI risks.

Problems raised
  1. Vulnerable investors are targeted by scams.
  2. AI brings potential risks.
  3. Tracing shares for prospectus claims is complex.
Solutions proposed
  1. Keep educating investors about scams.
  2. Understand AI risks as it develops.
  3. Weigh the committee's advice on share traceability.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks to the Small Business Capital Formation Advisory Committee

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair questions limits that stop small unlisted firms from raising capital quickly.

Problems raised
  1. Disclosure costs weigh heavily on small companies.
  2. Small unlisted firms cannot use shelf registration.
  3. Low-liquidity stocks can be prone to manipulation.
Solutions proposed
  1. Scale disclosure to company size.
  2. Reconsider shelf registration limits for small firms.
  3. Balance capital access with investor protection.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the Florida Bar’s 41st Annual Federal Securities Institute and M&A Conference

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair asks staff to explore wider retail access to private markets.

Problems raised
  1. Crowdfunding compliance fees take a large share of funds raised.
  2. Most private offerings exclude non-accredited investors.
  3. Retail investors have little access to private markets.
Solutions proposed
  1. Lower compliance costs for small offerings.
  2. Review the accredited investor definition.
  3. Explore ways for retail investors to reach private markets safely.
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· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiIntroductory Remarks at the 2nd Annual Judge Stanley Sporkin SEC Division of Enforcement Directors Panel

ContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe acting SEC chair announces a crypto task force and a narrower use of enforcement.

Problems raised
  1. Fraudsters use innovation to deceive investors.
  2. Paternalistic rules can limit investor choice.
  3. Crypto lacks a clear regulatory framework.
Solutions proposed
  1. Keep enforcing against fraud in all areas.
  2. Create a crypto task force to build clear rules.
  3. Use enforcement resources judiciously.
Read full speech on sec.gov ↗Open Dark Majestic article
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