SEC commissioner says agency’s approach to crypto has been a ‘disaster’
SEC Commissioner Mark Uyeda criticized the agency’s approach to crypto regulation and acknowledged that it has been a “disaster for the whole industry.”
He made the statement on Oct. 9, during an appearance on the Fox Business show “Mornings with Maria,” in response to questions about the SEC’s recent actions against prominent crypto firms.
Reliance on enforcement
Uyeda said the SEC has chosen to take enforcement actions without providing regulatory clarity to crypto companies, which has contributed significantly to the current uncertain landscape in the US. He added:
“We’ve implemented ‘policy through enforcement’ without offering guidance. As a result, courts have had to intervene, leading to inconsistent…
