Acting Chairman Mark Uyeda recently released a comment on social media platform X stating that SEC staff are examining previous crypto-related guidance to see if it still reflects the agency’s current priorities.
The X article states that the SEC staff’s statement on funds registered under the Investment Company Act that deals with investing in the bitcoin futures market is one of several important documents that are being examined. Digital asset “investment contracts,” as well as custody frameworks, are additional paperwork. The regulatory frameworks around the digital assets sector may become more clear as a result of the evaluations.
Elon Musk’s D.O.G.E. recommended Executive Order 14192, Unleashing Prosperity Through Deregulation, which is the subject of Uyeda‘s request.
The statement is less binding because it comes from SEC employees rather than Commissioner Hester Peirce. Nonetheless, it nonetheless demonstrates the SEC’s readiness to reduce pressure on the digital assets industry since President Donald Trump assumed control of the organization.
The action is a component of Mark Uyeda‘s efforts to restructure the regulator’s stance on cryptocurrency as interim chairman. This includes dismissing the majority of the agency’s well-known enforcement actions against companies that deal in digital assets.
