SEC Acting Chair Calls for Review of Regulations Impacting DOGE Amid Competitive Financial System Push

On April 6th, the SEC’s Acting Chair, Mark Uyeda, addressed significant developments in the cryptocurrency sector. In alignment with Executive Order 14192, which focuses on fostering competitive financial systems, Uyeda called for an urgent review of several critical staff statements pertaining to digital assets. The examination will cover the Investment Contract Analysis Framework, recent correspondence addressing trends within the cryptocurrency market, and the Wyoming Department of Banking’s position on Digital Asset Custody and Qualified Custodian Status. Additionally, the SEC will scrutinize guidance related to Investment Company Act funds participating in the Bitcoin futures market. This review aims to ensure that these statements align with the agency’s current objectives and facilitate any necessary amendments or rescissions, underscoring the SEC’s commitment to adapting its regulatory landscape to the evolving crypto ecosystem.