Acting Chair of the U.S. SEC: We should consider federal framework regulation for cryptocurrency transactions to promote blockchain innovation

According to Jinse Finance, at the second roundtable meeting of the Cryptocurrency Working Group, Mark T. Uyeda, Acting Chairman of the US SEC, stated: "We should consider whether there are more efficient regulatory methods." He pointed out that "under an inclusive federal regulatory framework, some market participants may prefer to provide tokenized securities and non-securities cryptocurrency trading services under a single SEC license rather than relying on licenses from 50 different states." Uyeda emphasized that "blockchain technology has the potential to execute and clear securities transactions in a more efficient and reliable manner than current processes." He suggested that "a time-limited, conditional exemption regulatory framework could allow blockchain technology to achieve greater innovation in the United States in the short term."