**Crypto Regulation Shake-Up: SEC Commissioner Proposes New Approach**

SEC Commissioner Mark Uyeda has suggested a major shift in how the SEC handles cryptocurrency regulation. In a recent statement, Uyeda criticized the current S-1 requirements, arguing they are not suitable for crypto assets and fail to protect investors or facilitate capital formation.

- **Current Issues**: Traditional S-1 forms demand information irrelevant to digital assets, making compliance difficult for crypto firms.

- **Proposed Changes**: Uyeda recommends tailored S-1 forms for crypto, similar to those for fund and insurance products.

- **Ongoing Disclosure**: Uyeda emphasizes the need for real-time, blockchain-based reporting to keep investors informed, moving away from outdated periodic reports.

This proposal aims to balance innovation with investor protection, offering a clearer regulatory path for crypto companies.