🇳🇬 Nigeria's Finance Minister, Wale Edun, has urged the newly minted SEC board to tackle the wild west of cryptocurrency regulation. Edun highlighted the need for stringent oversight in the fast-paced crypto world to maintain market integrity. He warned of companies exploiting minimal registration requirements to falsely claim they are licensed. "The SEC must stay informed and adaptable," Edun said. In response, SEC board Chairman, Mairiga Katuka, assured the minister that the board would use its collective expertise, innovation, and passion to drive growth. The SEC has outlined plans to update regulations on digital asset issuance, exchange, and custody.