US crypto industry needs band-aid now, 'long-term solution' later — Uyeda

A fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange Commission (SEC) chair Mark Uyeda. “A time-limited, conditional exemptive relief framework for registrants and non-registrants could allow for greater innovation with blockchain technology within the United States in the near term,” Uyeda said at the SEC’s April 11 Crypto Task Force roundtable titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading. ”Relief measures may address immediate challengesUyeda said this might be the short-term answer as the SEC works toward a “long-term solution,” speaking at the roundtable event with agency members and crypto industry executives, including Uniswap Labs’ Katherine Minarik, Cumberland DRW’s Chelsea Pizzola, and Coinbase’s Gregory Tusar. He flagged state-by-state regulation of crypto trading as a concern, warning it could lead to a “patchwork of state licensing regimes source: https://cointelegraph.com/news/mark-uyeda-crypto-temporary-framework-sec-roundtable-crypto-task-force?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound