SEC’s Uyeda Hints at Crypto Policy Pivot Under Trump-Era Leadership

In a development that could signal a major shift in U.S. crypto policy, SEC Commissioner Mark Uyeda has indicated support for a more principles-based regulatory framework, aligning with deregulatory trends reminiscent of Trump-era financial policy.

Speaking at the Digital Assets Policy Forum in Washington, D.C., Uyeda emphasized the need for greater regulatory clarity and flexibility in overseeing cryptocurrencies and blockchain projects. He argued that the current approach—heavily reliant on enforcement actions—may be stifling innovation and driving projects offshore.

“A principles-based framework would allow the industry to innovate responsibly while giving regulators the flexibility to adapt as technology evolves,” Uyeda said. “We must ask whether our current rules, many of which predate blockchain entirely, are fit for purpose in this new digital landscape.”

Uyeda’s remarks come amid growing calls from lawmakers and industry leaders for the SEC to move away from its litigation-heavy strategy. Under Chair Gary Gensler, the agency has taken a hardline stance, initiating high-profile cases against major crypto platforms such as Coinbase, Ripple, and Binance.

However, Uyeda’s comments suggest that a change in tone—and possibly direction—may be on the horizon, especially if the political winds continue to shift toward a more pro-business, market-driven philosophy.

The reference to principles-based regulation echoes regulatory philosophies prominent during the Trump administration, which favored flexible guidelines over prescriptive rulemaking. Supporters argue this approach fosters innovation and competition, while critics warn it may open the door to abuse and insufficient oversight.

Crypto industry figures have cautiously welcomed Uyeda’s statements. “This is the kind of dialogue we’ve been hoping for,” said Linda Park, general counsel at a prominent blockchain firm. “Regulatory certainty is key, but it needs to be forward-looking, not punitive.”

It remains to be seen how much influence Uyeda’s position will have within the Commission or whether it signals a broader internal shift. But with 2024 elections reshaping Washington’s regulatory landscape, crypto policy may be entering a new phase—one with fewer lawsuits and more structured dialogue.