ark Uyeda, Commissioner in the U.S. Securities and Exchange Commission (SEC), says it's time to stop what he calls the SEC's “war on crypto.” Uyeda, who could soon replace current SEC Chair Gary Gensler, believes that the SEC’s tough stance on crypto is unfair. He argues that the agency often takes legal action against crypto companies for not registering properly, even when there’s no fraud or harm involved. Many in the crypto world agree and have spent millions trying to fight the SEC’s strict approach.
With Donald Trump’s recent election win, the crypto industry is hoping for a shift in government policy. Trump has promised to support digital assets, even suggesting he’ll create a national Bitcoin reserve. If these changes go through, pro-crypto leaders like Uyeda or Hester Peirce might lead the SEC, possibly softening the agency’s rules and helping the crypto market grow.
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