SEC Acting Chair Uyeda Orders Crypto Regulation Review Under Trump’s Order
- Mark Uyeda directs SEC staff to review crypto policies under Executive Order 14192.
- The review includes the 2019 investment contract framework and Hinman’s 2018 Ether speech.
U.S. SEC Acting Chair Mark Uyeda has ordered an agency-wide review of multiple crypto-related regulatory statements. This move aligns with Executive Order 14192, titled “Unleashing Prosperity Through Deregulation.” The directive aims to rescind or revise guidance inconsistent with current SEC priorities.
Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements.
— U.S. Securities and Exchange Commission (@SECGov) April 5, 2025
Uyeda instructed staff to re-examine the 2019 Framework for Investment Contract Analysis of Digital Assets. This document borrowed heavily from former SEC Director Bill Hinman’s 2018 Ether speech. The speech controversially stated that decentralization could exempt some tokens from securities classification.
SEC Targets Disclosure Rules
Additionally, the review targets staff letters on crypto asset disclosures, custody standards, and Bitcoin futures guidance. Among these is the no-action letter for Wyoming-based custodians and a sample letter related to crypto market volatility. Uyeda also asked for reviews of a 2022 advisory on disclosure practices and a 2021 alert about crypto investment risks.
According to the SEC’s April 5 statement, the review follows recommendations from the Department of Government Efficiency (DOGE). Executive Order 14192, issued by President Trump in January, mandates a “10-for-1” rule-cutting policy. For every new regulation introduced, ten existing ones must be repealed.
On April 4, the SEC confirmed that “covered” stablecoins like USDT and USDC are not securities. These tokens, backed by fiat or liquid reserves and redeemable 1:1 with USD, fall outside securities law. However, algorithmic stablecoins remain excluded from this classification.
Covered stablecoin issuers must not offer yield or mix reserves with operational funds. This new guidance favors stablecoins like Trump’s promoted “USD1,” signaling a friendlier stance under his administration.
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SEC Acting Chair Uyeda Orders Crypto Regulation Review Under Trump’s Order
- Mark Uyeda directs SEC staff to review crypto policies under Executive Order 14192.
- The review includes the 2019 investment contract framework and Hinman’s 2018 Ether speech.
U.S. SEC Acting Chair Mark Uyeda has ordered an agency-wide review of multiple crypto-related regulatory statements. This move aligns with Executive Order 14192, titled “Unleashing Prosperity Through Deregulation.” The directive aims to rescind or revise guidance inconsistent with current SEC priorities.
Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements.
— U.S. Securities and Exchange Commission (@SECGov) April 5, 2025
Uyeda instructed staff to re-examine the 2019 Framework for Investment Contract Analysis of Digital Assets. This document borrowed heavily from former SEC Director Bill Hinman’s 2018 Ether speech. The speech controversially stated that decentralization could exempt some tokens from securities classification.
SEC Targets Disclosure Rules
Additionally, the review targets staff letters on crypto asset disclosures, custody standards, and Bitcoin futures guidance. Among these is the no-action letter for Wyoming-based custodians and a sample letter related to crypto market volatility. Uyeda also asked for reviews of a 2022 advisory on disclosure practices and a 2021 alert about crypto investment risks.
According to the SEC’s April 5 statement, the review follows recommendations from the Department of Government Efficiency (DOGE). Executive Order 14192, issued by President Trump in January, mandates a “10-for-1” rule-cutting policy. For every new regulation introduced, ten existing ones must be repealed.
On April 4, the SEC confirmed that “covered” stablecoins like USDT and USDC are not securities. These tokens, backed by fiat or liquid reserves and redeemable 1:1 with USD, fall outside securities law. However, algorithmic stablecoins remain excluded from this classification.
Covered stablecoin issuers must not offer yield or mix reserves with operational funds. This new guidance favors stablecoins like Trump’s promoted “USD1,” signaling a friendlier stance under his administration.
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Bitcoin Holds Strong at $83K As Trump Tariffs Hit Stock Markets
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