Acting SEC chair Mark Uyeda eyes regulatory ‘sandbox’ for crypto firms

Mark Uyeda, interim president of the United States Securities and Exchange Commission, suggested that the regulator could consider a regulatory “sandbox” for cryptographic companies which were looking to offer trading in token titles.

Uyeda made the comments in a opening speech to the Crypto Task Force second round table This focused on cryptographic trading.

According to the president of the acting dry, this framework would allow both registered and unregistered exchanges offering tokenized titles. It is a movement towards clear regulationWith a federal regulatory framework key to avoid the need for a “patchwork of state license diets”.

“We must determine whether there can be a more effective regulation method,” he noted.

Uyeda sees the potential for market players seeking to offer both tokenized and non-security titles cryptographic active benefiting from this decision. If adopted, participants would only need a single dry license. The national exchanges of securities will be able to provide recorded cryptographic assets and not registered with investors.

Having such clarity would mean that cryptographic companies do not have to register for cryptographic asset negotiation licenses in fifty different states.

“While the SEC strives to develop a long-term solution to solve the regulatory problems of crypto exchanges, an exempt-free conditional and limited conditional rescue framework for registrants and non-inscriptions could allow greater innovation with blockchain technology in the United States in the short term,” he added.

The SEC invites market players whose products and services allow the trading of tokenized titles to give comments concerning the exemplary aid application.

The last friendly move of the SEC comes in the midst of a broader effort of the Trump administration to strengthen the blockchain and cryptography industry.

In addition to multiple regulatory bills on stablecoins, there is a decree for a Bitcoin strategic reserve. President Donald Trump also signed a bill which cancels the rule of the Broker of Internal Service.