U.S. SEC Commissioner Mark Uyeda advocates establishing a regulatory sandbox in the crypto space

Foresight News reported that according to Crypto Briefing, US SEC Commissioner Mark Uyeda advocated for the establishment of a safe harbor and regulatory sandbox to promote cryptocurrency innovation in an interview. Uyeda, a potential candidate for SEC Chair under the Trump administration, emphasized the need to end the so-called "crypto war" and develop clearer regulatory guidelines. Uyeda stated: "Many crypto assets are not securities, but have been labeled as such." He highlighted the importance of cooperation between Congress, the White House, and regulators in establishing a comprehensive framework for the industry. When asked if he might be appointed as SEC Chair, Uyeda responded: "That is President Trump's decision." He also noted that the next Chair will need to address the regulatory challenges across multiple agencies. Other potential candidates for the position include Teresa Goody Guillen of BakerHostetler, Robert Stebbins of Willkie Farr & Gallagher, and former SEC Commissioner Paul Atkins.