Tucked away in a footnote as part of a recent statement, the SEC Commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors.
SEC Commissioner Mark Uyeda has taken a jab at his agency’s approach to crypto disclosure rules — describing the generic approach applied to crypto asset filings as “problematic.”
In a July 1 statement on the SEC’s official website, Uyeda announced the adoption of new rules and form amendments to implement the Registered Index-Linked Annuities (RILA) Act — changing some of the requirements for how specific firms file their Form N-4 applications.
At first glance, the statement seems entirely unrelated to crypto.
