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SEC Commissioner Calls for Dedicated S-1 Registry for Digital Asset Securities
2024-09-03 06:37
Odaily News U.S. SEC Commissioner Mark T. Uyeda said at the Korea Blockchain Week 2024 event that the SEC needs to create a dedicated S-1 registry for digital asset securities. Uyeda pointed out that the SEC has the flexibility to customize registration requirements for specific financial products, and this practice should be extended to the field of cryptocurrencies and digital asset securities. He emphasized that the SEC should not create a "dilemma" by requiring issuers of digital asset securities to provide irrelevant or unavailable disclosure information. Uyeda also said that the SEC should clarify which digital assets fall into the category of securities and consider the practices of other jurisdictions around the world in future rulemaking. Despite this, digital assets are not currently included in SEC Chairman Gary Gensler's regulatory agenda. (The Block)