According to Odaily Planet Daily, U.S. SEC Commissioner Mark Uyeda advocated the establishment of safe harbors and regulatory sandboxes to promote cryptocurrency innovation in an interview. Uyeda is a potential candidate for SEC chairman under the Trump administration.
He stressed the need to end what Trump called the “war on cryptocurrencies” and develop clearer regulatory guidelines. Uyeda pointed out that many crypto assets are not securities but are labeled as such.
He stressed the importance of collaboration between Congress, the White House and regulators to establish a comprehensive framework for the industry. Asked whether he might be appointed SEC chairman, Uyeda said it was Trump's decision.
He noted that the next chairman will need to address regulatory challenges across multiple executive agencies. The discussion comes after current SEC Chairman Gary Gensler announced plans to step down when Trump takes office on January 20, 2025.