"Speaking at an international event in London, Uyeda stated that the crypto industry needs a comprehensive regulatory framework, and the SEC needs to turn to proactive rulemaking instead of relying on an enforcement-centric approach."
With the rest of the world leading the U.S. in digital asset regulation, SEC Commissioner Mark Uyeda calls for the agency to do its job. The SEC is currently grappling with two high profile cases, Coinbase and Ripple, and now may be the best time to impose stricter guidelines. Will Gensler and the rest of the agency listen to the Commissioners request?