According to Golden Finance, Mark Uyeda, a member of the U.S. Securities and Exchange Commission (SEC), said in an interview with Fox Business News that the agency's encryption policies and methods "have really been a disaster for the entire industry over the past few years." When asked what different measures the SEC could or should take, Uyeda said, "Some clear guidance and interpretation needs to be developed to explain which actions fall within the scope of securities laws and which actions do not fall within the scope of securities laws."