Following Donald Trump’s election as the new US President, regulators are pushing for crypto market reforms, from establishing regulatory sandboxes to allowing tokenized funds’ shares as collateral in traditional derivatives trading.
During an interview for Fox Business, SEC Commissioner Mark Uyeda said President-elect Donald Trump is right about stopping the war on crypto in the US. He also commented on what could be done to make the country a leader in the global crypto market
According to Uyeda:
“First off, from a regulatory perspective, we can provide proper clarity. Some crypto is not even a security at all, but we need to make it clear whether or not you would fall within SEC jurisdiction or not.”
If a token offering falls under the SEC’s jurisdiction, clear guidelines are necessary so crypto firms can decide the right course of action to comply with the regulator’s rules.
Uyeda also defended the creation of “safe harbors,” which are regulatory sandboxes where cr
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