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SEC Commissioner Mark Uyeda Says Crypto Regulation Is Not A Choice, It's A Necessity

U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda on Monday stressed the importance of the SEC considering proposals to regulate cryptocurrencies.

At the fifth annual Scott Friestad Memorial Lecture in London, Uyeda underscored the necessity of providing clarity in the fast-evolving digital assets space, urging for objective standards to guide enforcement and reduce the potential for subjective interpretation.

Uyeda, reflecting on the enforcement legacy of the late SEC employee Scott Friestad, emphasized the SEC’s power should be exercised with discretion and appropriate judgment.

He highlighted the potential risks of the SEC's current enforcement-driven approach, particularly in areas where regulatory clarity ...

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