According to Odaily, Alexander Grieve, the head of government relations at the venture capital firm Paradigm, has called for an update in the S-1 form of the U.S. Securities and Exchange Commission (SEC) to better accommodate the unique characteristics of cryptocurrencies. Grieve made this statement on the X platform.
This call for change comes in response to a statement made by SEC Commissioner Mark Uyeda regarding the rules for index-linked annuities and registered market value adjustment annuities. In a footnote to his statement, Uyeda urged for an update to the S-1 form. This marks the first time Uyeda has publicly called for a disclosure system tailored specifically for crypto assets.
Grieve suggested that if there were a change in management, the SEC could be a completely different place. This implies that the current management's approach to cryptocurrencies could be improved to better accommodate the rapidly evolving digital asset landscape.