Acting SEC Chair Mark Uyeda has proposed a temporary regulatory framework for the US crypto industry to foster innovation while permanent regulations are developed. Speaking at the SEC’s Crypto Task Force roundtable, Uyeda suggested that conditional exemptive relief could support blockchain technology advancement in the short term. He expressed concerns over the current state-by-state regulatory approach, which could create a confusing network of different licenses for crypto operators. By establishing a federal framework, participants could operate under a single SEC license, simplifying compliance for those offering tokenized securities and non-security crypto assets. Uyeda underscored the potential benefits of blockchain technology in enhancing the efficiency and reliability of securities transactions and managing collateral. As he serves as acting SEC chair until Paul Atkins is sworn in, Uyeda's approach aims to address immediate regulatory challenges while creating an environment conducive to innovation within the crypto sector.

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