Freedom

Planet

<div class="intro-text">
 The Blockchain Association, a U.S.-based crypto advocacy group,<a style="color: #0000ff;" href="https://twitter.com/BlockchainAssn/status/1807880958085156935?t=5izLEwRXdcnOOWH8tDj9HA&amp;s=19" rel="noopener noreferrer nofollow"> has lauded</a> recent comments by SEC Commissioner Mark Uyeda, praising his “nuanced, innovation-forward approach” as essential for the cryptocurrency industry. This commendation comes in response to Uyeda’s critique of the SEC’s current approach to crypto disclosure rules, which he described as “problematic.”
</div>
Alexander Grieve, head of government affairs at crypto venture capital firm, Paradigm,<a style="color: #0000ff;" href="https://twitter.com/AlexanderGrieve/status/1807873753763746140?t=5s4MhEatvCZrX1AWoX1q9g&amp;s=19" rel="noopener noreferrer nofollow"> noted on social media</a> that this was Uyeda’s first public call for a tailored disclosure regime for crypto assets, stating, “The SEC under a different admin would be a very different place.”
Uyeda’s criticisms were revealed in a footnote of<a style="color: #0000ff;" href="https://www.sec.gov/newsroom/speeches-statements/uyeda-statement-registration-index-linked-annuities-070124" rel="noopener noreferrer nofollow"> a July 1 statement on the SEC’s website</a>, initially addressing new rules for Registered Index-Linked Annuities (RILA). In his comments, Uyeda advocated for updating Form S-1, used for public offerings and new security registrations, to better accommodate the unique aspects of digital assets.
<blockquote>
 “Many of these issuers and crypto digital assets have characteristics for which Form S-1 may technically require information that is not relevant or applicable, but does not require certain information that may be material,” Uyeda stated. He added that the current approach “neither facilitates capital formation nor protects investors.”
</blockquote>
This development comes against a backdrop of ongoing tensions between the crypto industry and regulatory bodies. Just days before Uyeda’s comments, on June 27, 2024, cryptocurrency exchange Coinbase<a style="color: #0000ff;" href="https://defi-planet.com/2024/06/coinbase-sues-u-s-sec-and-fdic-over-lack-of-transparency-and-industry-bias/" rel="noopener noreferrer nofollow"> filed a lawsuit</a> against the SEC and the Federal Deposit Insurance Corporation (FDIC). The lawsuit accuses the agencies of failing to comply with Freedom of Information Act (FOIA) requests and attempting to exclude the crypto industry from the banking sector.
Coinbase’s complaint, filed in the U.S. District Court of Columbia, also highlighted the lack of clear guidance on applying securities laws to crypto, particularly regarding Ethereum’s transition to a Proof-of-Stake consensus algorithm.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/07/blockchain-association-praises-sec-commissioner-uyedas-call-for-tailored-crypto-disclosure-rules/" rel="noopener noreferrer nofollow">Blockchain Association Praises SEC Commissioner Uyeda’s Call for Tailored Crypto Disclosure Rules</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Blockchain Association Praises SEC Commissioner Uyeda’s Call for Tailored Crypto Disclosure Rules

DeFi Planet

Andre artikler publisert på 2. juli 2024

Missed Dogecoin When it Was Cheap? DOGE2014 Launches the Next Big Opportunity

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Investors Focus on Altcoins as BTC Price Rises

Will the Development Welcomed by the Cryptocurrency Market Bring Big Problems? Analytics Company ...

MoonBag Coins Become The Flagship This Season As Celestia and Ondo Clutch At Straws

Vanar Offers Ultra-Fast Transactions and Low Costs

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!