Acting US Securities and Exchange Commission (SEC) chair Mark Yoda says a fast -paced crypto regulatory framework can strengthen innovation in the US crypto industry, while permanent rules are still under work.
On April 11, the crypto task force on the round table between “one block and a tough place: Regulation made for crypto trading”, titled “Regulations for Crypto Trading”, “a timely, conditional relief framework for registers and non -registering is allowed to be more than a blockchain in the United States.”
Relief measures can deal with prompt challenges
Yeda said it could be a short -term response because the SECSEC works towards a “long -term solution” with members of the crypto industry and the crypto industry executives, which includes UNECAP Labs Catherine Minor, Chelsea Pesola of Kimberland DRW, and Coin Base of Coin Base.
He flagged the state by -state regulation of crypto trading as a concern, warning that it could “patch the patch of state licensing governments”.
Yeda said a favorable federal regulatory framework will reduce the burden for market participants who want to offer Tokinzed securities and non -security crypto assets, which allows them to work on the “fifty different state licenses” under the same SEC license.
He called on the Crypto Market participants to distribute feedback on areas where “exceptional relief” could be appropriate.
Source: US Securities and Exchange Commission
Uda also reaffirmed the benefits of blockchain technology in financial markets while discussing the round table.
“Blockchain technology provides the ability to perform and cleanse securities transactions in ways that can be more efficient and reliable than the current process,” said Yeda.
Uyeda has to fill the chair position until the oath takes the oath
He added, “Blockchain can be used to manage and mobilize suicide attacks in a Tokinzed form to increase investment and liquidity.”
Yeda will continue to serve as a SEC chair until US President Donald Trump’s nominee, Paul Atkins, officially takes oath.
On April 10, the US Senate confirmed Atkins as the SEC chair in a large-scale 52-44 votes along the party lines.
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Yeda served as the acting SEC chair from January 20, following the former chair and Crypto’s Shakipat Gary Genel from January 20. He has been widely seen as a supporter of the Crypto in the industry.
On March 18, the Quintel Graf reported that Yia said that the SEC could change or abolish a rule proposed under the Biden administration that would tighten the quality of crypto custody for investment advisers.
“I have asked the SEC staff to work with the Crypto Task Force, to consider appropriate alternatives, including its return,.”
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