U.S. SEC Chairman frontrunner Mark Uyeda advocates for the establishment of a regulatory sandbox in the cryptocurrency sector

ChainCatcher news, according to Crypto Briefing, SEC Commissioner Mark Uyeda stated in an interview with Fox Business that he supports establishing a safe harbor and regulatory sandbox mechanism in the cryptocurrency space to promote innovation.

As a leading candidate for SEC Chairman under the Trump administration, Uyeda emphasized the need to end the so-called "crypto war" and to create a clearer regulatory framework. Uyeda pointed out that "many crypto assets are not actually securities, yet they are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a comprehensive regulatory framework.