SEC Considers Temporary Crypto Regulation Framework

According to BlockBeats, the U.S. Securities and Exchange Commission's (SEC) Acting Chairman Mark Uyeda suggested the possibility of establishing a temporary regulatory framework for cryptocurrencies. Speaking at an event at the SEC's Washington headquarters, Uyeda emphasized the need for a short-term approach that would allow businesses to continue innovating while the agency works on a more permanent regulatory solution for digital assets. Uyeda proposed exploring whether a more effective regulatory method could exist under a less stringent federal framework. During a recent cryptocurrency industry roundtable, he mentioned that a time-limited, conditional exemption framework for both registered and non-registered entities might encourage greater blockchain innovation within the United States in the short term, as the commission develops long-term strategies to address these issues.