Golden Finance reported that when talking about cryptocurrency regulation, U.S. SEC Commissioner Mark Uyeda objected to the approach of U.S. SEC Chairman Gary Gensler. Uyeda said that while the easiest response of regulators to cryptocurrency and digital asset innovation is to "shut everything down" under the pretext of bad actors, regulators should create a compliant path for legitimate efforts. "The SEC has not yet developed this path." Mark Uyeda is a supporter of spot Bitcoin ETFs. He opposes the SEC's rejection of Coinbase's rule-making request. He and other Commissioners Hester Peirce questioned the SEC's approach to NFTs and called on the agency to answer jurisdictional questions when it comes to tokenized digital art. All this shows that there seems to be a serious split within the leadership of the SEC. More importantly, this split comes at a time when the agency is engaged in legal wars with some of the biggest companies in the industry, or is preparing for possible legal wars: Coinbase, Binance, Uniswap, Consensys and Kraken.