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Acting SEC Chair Uyeda Orders Review of Crypto Regulations to Boost Deregulation – Crypto News Australia
The review will focus on identifying and removing unnecessary regulations that may be hindering the growth of the crypto industry. Uyeda believes that deregulation will help to foster a more competitive and innovative marketplace, which will ultimately benefit consumers and investors.
The SEC has faced criticism in the past for its strict regulatory stance on cryptocurrencies, with many industry players arguing that the agency’s rules are stifling innovation. By conducting this review, Uyeda hopes to address these concerns and create a more favorable regulatory environment for crypto businesses.
The outcome of the review remains to be seen, but it is clear that the SEC is taking steps to reevaluate its approach to crypto regulation. This news has been welcomed by many in the industry, who believe that deregulation will help to unlock the full potential of cryptocurrencies and blockchain technology.
