Mark Uyeda News

The move comes after SEC acting chair Mark Uyeda indicated last month that the regulator would be rolling back on its policy and yesterday (28 March), the SEC sent a letter to the US courts stating that the Commission withdraws its defence of the rules.  The letter also noted that the Commission counsel are no longer authorised to advance the arguments in the brief the regulator had filed. How financial firms' ESG backlash could soon backfire In a statement Uyeda said, «the goal of today's Commission action and notification to the court is to cease the Commission's involvement in t...

The U.S. Securities and Exchange Commission (SEC) said Tuesday that it has created a cryptocurrency task force to develop a regulatory framework for digital assets.

Two leaders at the SEC have spoken out against the regulator’s multimillion-dollar penalty against Intercontinental Exchange, the parent firm of NYSE, and its subsidiaries over a failure to promptly report a breach in its data security protocols.

The U.S. Securities and Exchange Commission (SEC) Commissioners, Hester Peirce and Mark Uyeda, have publicly criticized the agency’s unclear cryptocurrency enforcement policies following a recent settlement with ShapeShift.

One thing that opponents and supporters of the SEC climate rule have agreed on is that there was compromise in the final version passed Wednesday. But for those against it, there clearly wasn’t enough. And champions of the rule were left with something that they say is barely a step forward, nowhere near sufficient to address the major issues presented by climate change that affect public companies’ finances.

Many large public companies will eventually have to report climate-related risks under a final rule passed by the SEC today – but the requirements are significantly more limited than what the agency initially proposed and what climate groups wanted.

SEC Commissioner Mark Uyeda, while voting in favor of these landmark approvals, has  publicly voiced reservations  regarding the decision-making process adopted by the commission.

Coinbase filed the petition last July, asking that the SEC "propose and adopt rules to govern the regulation of securities that are offered and traded via digitally native methods". In a 3-2 vote, the commission has denied the petition, stating that it disagrees that the current regime is "unworkable" for crypto securities. SEC chair Gary Gensler says: "The existing securities regime appropriately governs crypto asset securities." Since Coinbase filed its petition, the firm has been sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Republican Commissioners Hester Peirce and Mark Uyeda voted to back the Coinbase petition, saying in a joint statement that it "raises issues presented by new technologies and other innovation".

The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years.

The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. 

The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered responses from community members, who pointed out how the decision could be “problematic” for many NFT projects that fit the description and might be next on the SEC’s hit list. 

WASHINGTON—Federal regulators want to impose new guardrails on the way retail investment firms such as Robinhood Markets use advanced analytics to encourage customers to trade, the latest in a series of policy efforts prompted by the 2021 meme-stock craze. The Securities and Exchange Commission plans to propose a rule Wednesday that would hold algorithms that predict, guide or forecast investors’ behavior, in certain cases, to a similar standard as investment advice. It would require brokers and advisers who deploy such tools to “neutralize or eliminate" conflicts of interest they create.

The United States Securities and Exchange Commission has denied a proposal by investment manager VanEck for the creation of a spot Bitcoin trust, a financial product that would allow investors to trade Bitcoin on regulated exchanges. This marks the latest instance of the SEC denying every application for a spot Bitcoin trust, with almost 20 such applications having been filed over the last six years.

The United States Securities and Exchange Commission (U.S. SEC) yesterday rejected the investment manager VanEck’s application to create a spot Bitcoin exchange-traded product (ETP), reported Reuters.

The United States Securities and Exchange Commission (SEC) ordered against a rule change to allow investment manager VanEck to create a spot Bitcoin Trust on March 10. Commissioner Mark Uyeda joined his colleague Hester Peirce in releasing a statement that criticized the commission’s decision not to approve the listing and trading of the financial product. 

Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.

Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. lawmakers to regulate stablecoins in an effort to address “financial stability risks.”

United States President Joe Biden is reportedly planning to nominate two commissioners to the Securities and Exchange Commission with different political party affiliations.