uyeda

Former SEC Acting Chairman Mark Uyeda stated that the agency will withdraw the cryptocurrency case in early 2025 to maintain its credibility in court before a significant policy shift.

Fox Business crypto reporter posted on the X platform that SEC Commissioner Mark Uyeda stated that the SEC has withdrawn multiple cryptocurrency cases left over from the previous administration, as continuing to defend legal interpretations that are set to be overturned would damage the SEC's credibility.Uyeda mentioned that the commission is preparing to make a "180-degree turn" on the relevant interpretations. He also stated that the SEC's innovative exemptions for tokenized securities are a "pilot program," which could create more opportunities for newcomers and traditional financial companies.

Mark T. Uyeda, a commissioner of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the 2026 Asset Management Derivatives Forum, highlighting the progress of the implementation of Treasury clearing rules and the development of tokenization in the securities market.The SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, providing market participants with more clearing options. Data from the Office of Financial Research indicates that if the rules are implemented in the first 8 months of 2025, U.S. global systemically important banks could free up an average of $34.5 billion in balance sheet space.Regarding tokenization, Uyeda stated that the SEC has ceased to use enforcement as the primary means of expressing its views, instead promoting limited scope pilots through regulatory guidance and exemptions. He emphasized that SEC rules should remain technology-neutral, focusing on outcomes rather than processes, while ensuring appropriate investor protection measures.

ChainCatcher News, SEC Commissioner Mark T. Uyeda called for an expansion of cryptocurrency custody solutions during a roundtable meeting of the cryptocurrency working group on April 25. He believes that proper custody of client assets is a key protective measure under federal securities law, and that cryptocurrencies are no exception to this principle. He suggested allowing state-chartered trust companies to act as qualified custodians and considered modifying the "special purpose broker" system to promote market competition.

ChainCatcher news, Binance issued a statement regarding the news of "Binance and SEC jointly requesting a 60-day pause in the review of the case against Binance."Binance stated: "We sincerely thank Acting Chairman Mr. Uyeda for promoting the legislative and regulatory attention that digital assets deserve in the new era of blockchain in the U.S. and globally with a prudent attitude. The allegations from the U.S. Securities and Exchange Commission (SEC) have always lacked basis, and we look forward to resolving this matter soon, continuing our commitment to making Binance the world's safest, licensed, compliant, and trustworthy cryptocurrency trading platform."Previous news, Binance and the SEC jointly applied to the court to pause the lawsuit for 60 days, as the SEC's cryptocurrency working group may intervene in the case.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) will hold its first closed meeting since Mark Uyeda took over as acting chairman on January 23 at 2:00 PM Washington time (January 24 at 3:00 AM Beijing time).The agenda includes: initiating and resolving ban actions, initiating and resolving administrative proceedings, resolving litigation claims, and other matters related to inspection and enforcement procedures.

ChainCatcher News, SEC Chairman Gary Gensler has officially resigned.According to new appointment documents released by the White House, Mark Uyeda has been appointed as the acting chairman of the SEC.It is reported that Uyeda is a Republican and has served as an SEC commissioner since June 30, 2022. Before becoming an SEC commissioner, Uyeda worked at the SEC for over 15 years. FOX Business previously reported that Mark Uyeda aims to assist Trump in fulfilling the promise to end the Biden administration's so-called "crypto war."

ChainCatcher news, according to sources, the nominee for the chair of the SEC, Paul Atkins, recently expressed a desire to have Republican Commissioner Hester Peirce (known as "Crypto Mom") lead the crypto policy alongside her Republican colleague Mark Uyeda.It is reported that Peirce hopes to lead an internal crypto working group that will reassess the agency's stance on digital assets and engage in open dialogue with the industry. Peirce's term will end in June, and it is currently unclear whether she wishes to be nominated for the position again. Uyeda's term will end in 2028.Paul Atkins has publicly stated the need to establish best practices for digital assets and their trading platforms. Since 2017, he has served as the co-chair of the Token Alliance. The Token Alliance is an industry-led initiative composed of former regulators, industry experts, and lawyers aimed at promoting the mainstream adoption of digital assets. He is also a member of the advisory board of the Digital Chamber of Commerce, a crypto advocacy organization based in Washington, D.C.

ChainCatcher news, according to Crypto Briefing, SEC Commissioner Mark Uyeda stated in an interview with Fox Business that he supports establishing a safe harbor and regulatory sandbox mechanism in the cryptocurrency space to promote innovation.As a leading candidate for SEC Chairman under the Trump administration, Uyeda emphasized the need to end the so-called "crypto war" and to create a clearer regulatory framework. Uyeda pointed out that "many crypto assets are not actually securities, yet they are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a comprehensive regulatory framework.

ChainCatcher news, according to Cointelegraph, as Trump prepares to take office as President of the United States in January 2025, the crypto community is speculating on the most likely candidates to lead the U.S. Securities and Exchange Commission (SEC). Crypto lawyer Jake Chervinsky stated in a post on X that SEC Commissioner Mark Uyeda is seen as a strong candidate for the position.Uyeda was appointed as an SEC Commissioner on June 30, 2022, and has consistently opposed enforcement-driven cryptocurrency regulation, earning the support of industry advocates seeking a more collaborative approach. Trump promised to fire Gensler on his first day in office, and since then, the crypto community has speculated that SEC Commissioner Hester Peirce could be a potential contender for the chair.However, Chervinsky stated that the likelihood of Peirce taking the lead is "very low," adding that he doubts she would be willing to take on a leadership role at the SEC. Chervinsky also mentioned that Trump might want to choose someone other than Uyeda to lead the SEC during his term. Furthermore, the lawyer emphasized that Trump's primary crypto policy focus must be to end Biden's "attempts to destroy the industry through enforcement regulation."

ChainCatcher news, U.S. Securities and Exchange Commission Commissioner Mark Uyeda stated that the commission's approach to regulating cryptocurrency is a "disaster," and that the agency has "not taken any steps" to clarify the rules.

ChainCatcher news, according to Forbes reporter Eleanor Terrett, SEC Commissioner Mark Uyeda spoke at a global securities regulators meeting, promoting the benefits of tokenization: "Tokenization can provide a higher level of security, transparency, and immutability for transactions. It may also eliminate the need for most intermediaries, streamline processes, and reduce transaction costs."