Mark Uyeda, a potential candidate for the new chairman of the US SEC, advocates the establishment of a regulatory sandbox in the crypto space

U.S. SEC Commissioner Mark Uyeda advocated for the establishment of safe harbors and regulatory sandboxes to promote cryptocurrency innovation in an interview. Uyeda, a potential candidate for the U.S. SEC chairman under the Trump administration, stressed the need to end Trump's so-called "cryptocurrency war" and establish clearer regulatory guidelines. "Many crypto assets are not securities, but are labeled as securities," Uyeda said. He stressed the importance of cooperation between Congress, the White House and regulators to establish a comprehensive framework for the industry. When asked if he might be appointed as SEC chairman, Uyeda replied: "That's Trump's decision." He also pointed out that the next chairman needs to address regulatory challenges across multiple executive agencies. The discussion came after current SEC Chairman Gary Gensler announced plans to leave office after Trump takes office on January 20, 2025. Other potential candidates for the position include Teresa Goody Guillen of BakerHostetler, Robert Stebbins of Willkie Farr & Gallagher and former SEC Commissioner Paul Atkins. (Crypto Briefing)