PANews reported on November 24 that U.S. SEC Commissioner Mark Uyeda advocated for the establishment of a safe harbor and regulatory sandbox to promote cryptocurrency innovation in an interview with Crypto Briefing. Uyeda is a potential candidate for the U.S. SEC chairman under the Trump administration, and he emphasized the need to end Trump's so-called 'cryptocurrency war' and establish clearer regulatory guidelines. Uyeda stated, 'Many crypto assets are not securities, but they are labeled as such.' He highlighted the importance of collaboration between Congress, the White House, and regulators to create a comprehensive framework for the industry. Uyeda pointed out that the next chairman needs to address regulatory challenges across multiple administrative agencies.
According to previous reports, a lawyer stated that SEC Commissioner Mark Uyeda is likely to become the next chairman of the agency.