Commissioner Uyeda Calls SEC Approach a ‘Disaster’ for Whole Crypto Industry
- The SEC continues its aggressive stance against crypto, despite recent approvals of Bitcoin and Ethereum ETFs.
- SEC Commissioner Uyeda criticises the agency’s ‘regulation by enforcement’ policy, contributing to market uncertainty.
- Internal discord is evident as Gensler asserts crypto rules are clear, contradicting industry and internal views.
- Lawsuits and enforcement actions underscore ongoing regulatory challenges and industry resistance.
The US Securities and Exchange Commission (SEC) makes regular appearances in crypto news, unfortunately, for all the wrong reasons. Unlike in other countries, where regulators are starting to warm up to the crypto industry, the US SEC, led by Chair Gary Gensler, has…
