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In an interview with Fox Business’ Stuart Varney, SEC Commissioner Mark Uyeda proposed the creation of safe harbors and regulatory sandboxes to promote cryptocurrency innovation.
Uyeda, a potential SEC chair nominee under Donald Trump’s administration, stressed the necessity of ending what Trump referred to as the “war on cryptocurrencies” and establishing clearer regulatory guidelines.
“Many cryptocurrency assets are not securities but have been labeled as such,”
Uyeda stated during his interview with Stuart Varney.
He highlighted the importance of collaboration between Congress, the White House, and regulatory agencies to create a comprehensive framework for the industry.
When asked about his potential appointment as SEC chair, Uyeda responded,
“That is Trump’s decision.”
He noted that the next chair would need to address regulatory challenges across multiple administrative agencies.
This discussion took place after current SEC Chair Gary Gensler announced plans to step down following Trump’s inauguration on January 20, 2025.
Other potential candidates for the position include Teresa Goody Guillen from BakerHostetler, Robert Stebbins from Willkie Farr & Gallagher, and former SEC Commissioner Paul Atkins.
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