· Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the Crypto Task Force’s Inaugural Roundtable
Read full speech on sec.gov ↗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
- Applying the Howey test to crypto creates uncertainty.
- Crypto was handled mostly through enforcement actions.
- Market participants lacked clear guidance.
Solutions proposed
- Give guidance through rulemaking and releases.
- Use public comment to classify crypto assets.
- Hold roundtables as a first step.