Mark Uyeda

We have a lot of ground to catch up.

The last four years in the Biden administration, we saw a lot of efforts to suppress crypto, at least in the United States.

That was one of the things that the president did

I think it was the third day of this administration, January 23rd, when he issued that executive order with a clear goal.

We need to make the United States one of the global leaders in innovation in crypto and digital assets.

That was why one of the things I did immediately upon becoming the acting chairman was to name one of my fellow commissioners, Hester Peirce, who spent an awful lot of time talking to the crypto community.

You're going to be in charge of our efforts, leader of our crypto task force.

And that, now under our new chairman, Paul Atkins, has now pivoted into what we call Project Crypto.

We are working side by side with our colleagues at the CFTC.

They announced what they call Crypto Sprint.

So we're really anxious to get some things done.

Well, they are part of the innovation equation, so to speak, but they're just only a part of it.

We've got a lot more to do.

With these companies, the SEC, in its 90 years of existence, has always been a disclosure-oriented regulator.

That means we're not supposed to put our thumb on the scale of whether an investment is good or bad.

What our concern is is whether or not you're telling the truth when you market and provide the disclosures with respect to these products.

So,

They can put crypto in their treasury.

They need to disclose that.

They need to disclose the risks about that.