WASHINGTON — The U.S. Securities and Exchange Commission (SEC) may consider offering temporary regulatory relief for crypto firms as it works to develop a long-term framework for digital asset oversight, acting Chair Mark Uyeda said Friday during the agency’s latest crypto regulation roundtable.
The proposal marks a potential turning point in the SEC’s stance toward blockchain innovation, following mounting industry criticism that current securities laws don’t adequately account for the unique structure of crypto markets, 24-hour trading, and tokenized financial products.
“While the commission works to develop a long-term solution to address these issues, a time-limited, conditional exemptive relief framework … could allow for greater innovation with blockchain technology within the United States in the near-term,” Uyeda told participants.
The SEC crypto regulation roundtable, part of a broader initiative by the agency’s Crypto Task Force, featured exchanges between securities law experts, industry leaders, and agency commissioners. The March roundtable focused on defining whether and when crypto assets constitute securities. This latest session zoomed in on tailoring federal oversight for emerging blockchain-driven business models.
