SEC Considers Crypto Sandbox for Tokenized Securities
Mark Uyeda, the acting chair of the U.S. Securities adn Exchange Commission (SEC), has suggested a new approach to crypto regulation. During a speech at the SEC’s Crypto task Force roundtable, Uyeda hinted at a potential ‘sandbox’ for crypto firms. This sandbox would allow both registered and unregistered exchanges to trade tokenized securities.
uyeda believes this framework could streamline regulation. It aims to avoid a complex system of state licensing regimes. “We should explore more efficient regulation methods,” he stated. This move could benefit firms offering both tokenized securities and non-security crypto assets. They would only need one SEC license.
With this clarity, crypto firms wouldn’t need to register in all 50 states. National securities exchanges could bring both types of crypto assets to investors. Uyeda added, “A time-limited, conditional exemptive relief framework could foster blockchain innovation in the U.S.”
The SEC is seeking feedback from market participants. They wont input on how to apply this exemptive relief. This crypto-friendly move aligns with the Trump administration’s efforts to support the blockchain and crypto industry.
Other initiatives include multiple regulatory bills on stablecoins and an executive order for a Bitcoin Strategic Reserve. President Trump also signed a law overturning the IRS’s broker rule.
