In July, U.S. Securities and Exchange Commission (SEC) member Mark Uyeda said his agency has missed the mark in its approach to cryptocurrencies and proposed a change to how the SEC handles the S-1 requirements for crypto. Uyeda emphasized that the current S-1 form is not suitable for crypto digital assets and does not facilitate capital formation. This change would allow the agency to shift from pure enforcement to constructive regulation and provide a more workable path for digital asset issuers to comply with securities laws. Share your thoughts in the comments!