WHY SEC COMMISSIONER IS AGAINST CRYPTO AUDIT TRAILS

Mark Uyeda is coming in hot against the proposed consolidated audit trail (CAT) for crypto, calling it a move towards a surveillance state—definitely not what we want for our decentralized future.

With Gary Gensler set to testify, Uyeda’s highlighting the SEC’s failure to set clear rules for crypto projects and its focus on enforcement instead of protecting investors.

This is a wake-up call for us young innovators to watch how these regulatory shifts could impact our ability to build and thrive.

We need a balance that lets us flex our creativity without getting bogged down in red tape.

Source: CoinGape & Mario Nawfal