Acting SEC Chairman Suggests Short-Term ‘Exemptive’ Solution for Crypto Assets Could Protect Innovation
The acting chairman of the U.S. Securities and Exchange Commission (SEC) thinks a short-term “exemptive” solution could help boost crypto innovation in the country.
In a speech at the SEC Crypto Task Force’s second roundtable event, Mark T. Uyeda argues that blockchain technology could potentially increase the efficiency of securities transactions.
“For example, blockchains can be used to manage and mobilize collateral in tokenized form to increase capital efficiency and liquidity. Additionally, decentralized finance software protocols allow users to transact on a 24/7 basis via smart contracts.”
The acting SEC chairman also says federal crypto regulation could be more efficient than “a patchwork of state…
