SEC commissioner confesses its crypto approach has fueled ‘disaster for the whole industry’
SEC Commissioner Mark Uyeda discusses the agency’s handling of cryptocurrency on ‘Mornings with Maria.’
As markets have embarked into the new frontier of cryptocurrency in recent years, the top federal agency that oversees financial services is admitting its crypto approach has been wrong.
“I think our policies and our approach over the last several years have been just really a disaster for the whole industry,” the commissioner of the U.S. Securities and Exchange Commission (SEC) Mark Uyeda said on “Mornings with Maria” Wednesday.
“We have been sending this ‘policy through enforcement,’ we’ve done nothing to provide guidance on it,” he continued. “And as a result, this has been achieved by the courts. And different courts have…
