SEC Commissioner Uyeda: Dropping Crypto Cases Was Meant to Protect Agency Credibility
- —Uyeda: dropping crypto cases was aimed at protecting SEC credibility
- —He said the SEC is reversing its legal interpretation 180 degrees
- —New innovation exemption for security tokens described as a pilot
- —Uyeda said it offers opportunities for new and traditional finance players
Why it matters: Signals a softer SEC stance on crypto and a coming pilot framework for security tokens, reducing regulatory risk for the industry.
Source: Bloomingbit