Acting SEC Chairman Rejects Enforcement, Prefers Rulemaking for Cryptos

March 27, 2025 at 09:05 AM EDT

On March 21, Acting U.S. SEC Chair Mark T. Uyeda led the first session of the commission’s Cryptocurrency Task Force roundtable in Washington, D.C. During the event, he emphasized the need for the SEC to adopt formal rulemaking rather than relying on enforcement actions to regulate digital assets.

Key industry players like Bit Mining Ltd. (NYSE: BTCM) will be awaiting any regulatory guidance that the SEC publishes in order to ascertain whether or not they need to modify their…

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