U.S. SEC Acting Chair Mark Uyeda Orders Crypto Regulation Review
Mark Uyeda, Acting Chair of the U.S. SEC, has requested that staff review several statements – most of them crypto-related – as part of ongoing regulatory reforms.
On April 5, 2025, the U.S. Securities and Exchange Commission announced that Acting Chair Mark Uyeda called for a prompt review of past crypto-related statements to determine whether they should be updated or withdrawn based on the agency's current priorities.
Uyeda’s request follows an executive order by President Donald Trump aimed at easing unnecessary regulatory burdens on businesses, as well as recommendations from the Department of the Treasury (DOGE).
On January 31, Trump signed an order titled “Unleashing Property Through Derugalation”, which requires federal agencies to identify at least 10 regulations – such as guides, rules, and administrative orders—that should be rolled back.
As part of his request, Uyeda called for a review of several prior crypto statements, including the framework for analyzing “investment contracts” and the crypto market disclosure requirements.
This step is part of a broader government policy aimed at promoting innovation and boosting the country's global competitiveness and economic growth. The expected new rules will focus on “deregulation,” meaning a significant reduction in regulatory oversight.
Regulations targeted for repeal are expected to be finalized by the end of 2025.
The U.S. SEC's Steps Toward Simplifying Crypto Oversight
The current U.S. administration, under President Donald Trump, has adopted a crypto-friendly regulatory approach.
Following the resignation of former U.S. SEC Chair Gary Gensler, several crypto-related lawsuits, including those against Ripple, Kraken, Consensys, and Cumberland, were settled.
In January 2025, Donald Trump launched the Crypto Task Force to develop clear rules and provide guidance for the crypto industry. Recently, the task force announced a series of roundtables with industry experts to discuss regulatory frameworks, with the first roundtable on crypto trading regulations scheduled for April 11, 2025.
Meanwhile, Trump's nominee for U.S. SEC Chair, Paul Atkins, advanced his nomination, receiving a 13-11 vote in favor from the Senate Banking Committee on April 3, 2025. Atkins still needs full Senate confirmation.
If confirmed, Atkins will follow Acting Chair Mark Uyeda's lead and likely continue the SEC’s efforts to simplify crypto regulations.
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