Mark Oida, head of the US Securities and Exchange Committee (SEC), says the temporary organizational framework for fast -track coding can enhance innovation in the American encryption industry while permanent business regulations are still.
“The relief framework for the minute limited can allow for registrants and unregistered for more innovation with Blockchain technology in the United States in the short term,” He said At a Crypto round table on April 11, entitled “Between the mass and a difficult place: the sewing list for encryption trading.”
Relief measures may address immediate challenges
Uyeda said that this may be the short -term answer as SEC works on a “long -term solution”, at the round table with SEC members and executives in the encryption industry, including Katherine Minarik from UniswAP Labs, Cumberland Drw Chelsea Pizola, and Coinbase Gregory Tusar.
He supervised the regulation of the tradition of encryption separately as a burning case, warning that it may lead to a “mixture of state licensing systems.”
Uyeda said a positive federal regulatory framework that reduces the burden of participants in the market who want to provide distinctive securities and non -security encryption assets, allowing them to work under a single SEC license instead of moving in “fifty different state licenses.”
He urged the participants in the encryption market to share comments about the areas where “exempt relief” may be appropriate.
source: The American Securities and Stock Exchange Committee
Uyeda also repeated the benefits of Blockchain technology in the financial markets during the round table discussion.
“Blockchain technology provides the ability to implement and clarify securities transactions in ways that may be more efficient and reliable than current operations,” said Uida.
Uyeda to fill the position of the chair to divide Atkins
He added: “Blockchains can be used to manage and pack the guarantee in a symbolic form to increase capital efficiency and liquidity.”
Uyeda will continue to work as the Acting SEC president until Paul Atkins, US President Donald Trump’s candidate, Paul Atkins.
On April 10, the US Senate Akins confirmed as SEC to a vote 52-44 to a large extent along the party lines.
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Uyeda has been occupied as president of the prosecution since January 20, leaving the former president and Crypto Shkeptic Gary Gensler. It was widely seen inside this industry as a supporter of Crypto.
On March 18, Cointelegraph said that Uyea said that SEC can change or cancel a proposed base under the BIDEN administration that would tighten the purchase nursery standards for investment consultants.
“I have asked SEC employees to work closely with the encryption band to consider the appropriate alternatives, including its withdrawal,” said Uyeda.
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