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SEC Commissioner says agency’s approach to crypto has been a “disaster for the whole industry”

SEC Commissioner Mark Uyeda said the agency hasn’t provided guidance on securities laws His comments come as Crypto.com sues the SEC for overreaching its regulatory authority over crypto after receiving a Wells notice A US Securities and Exchange Commission (SEC) commissioner has said that the agency’s approach to crypto has been a “disaster for the…

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SEC Commissioner Mark Uyeda Criticizes Agency’s Handling of Cryptocurrency Regulation

October 11, 2024 at 02:20 PM GST updated: October 11, 2024 at 12:25 PM 2 mins read News SEC’s enforcement without clear guidelines has caused confusion and inconsistent court rulings in crypto cases.   Crypto firms like Crypto.com and Coinbase are challenging the SEC’s broad classification of digital tokens.   Uyeda calls for clearer regulations, stressing the…

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