Potential candidate for the new chairman of the SEC, Mark Uyeda, advocates establishing a regulatory sandbox in the encryption field.

Odaily Planet Daily News According to Mark Uyeda, a commissioner of the U.S. SEC, in an interview, he advocated the establishment of safe harbors and regulatory sandboxes to promote innovation in Crypto Assets. Uyeda, a potential candidate for the chairman of the SEC under the Trump administration, emphasized the need to end Trump’s so-called “Cryptocurrency war” and to formulate clearer regulatory guidelines. Uyeda said, “Many encryption assets are not securities, but are labeled as securities.” He emphasized the importance of cooperation among Congress, the White House, and regulatory agencies in establishing a comprehensive framework for the industry. When asked if he could be appointed chairman of the SEC, Uyeda replied: “It’s Trump’s decision.” ” He also pointed out that the next chairman will need to address the regulatory challenges of multiple administrative agencies. This discussion took place after current SEC Chairman Gary Gensler announced plans to resign on January 20, 2025, after Trump took office. Other potential candidates for the position include Teresa Goody Guillen from BakerHostetler, Robert Stebbins from Willkie Farr & Gallagher, and former SEC commissioner Paul Atkins. (Crypto Briefing)