Acting SEC Chair Mark Uyeda said the commission may still classify more crypto assets as securities, despite previous staff statements excluding memecoins and mining

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Acting SEC Chair Mark Uyeda said the commission may still classify more crypto assets as securities, despite previous staff statements excluding memecoins and mining

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Mark Uyeda, the agency's acting chairman, told reporters that despite recent SEC policy statements that certain areas of the crypto sector aren't subject to securities laws — memecoins and mining, so far — it's a "definitely possibility" that others will be defined as securities. "We're moving on multiple tracks here," he said in answer to a question from CoinDesk. Each statement issued so far "ultimately is a staff statement" that doesn't have legal backing, but he said the roundtable represents the entire commission — currently three members — looking at what a "potential commission interpretation might look like." In his opening remarks at the event, Uyeda, who was appointed by President Donald Trump as the SEC awaits a Senate confirmation of Paul Atkins, argued that the agency should have been more willing in recent years to make such interpretations public.

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Crypto news