Very special statements about the Cryptocurrency market have come from a person who has served as the head of the SEC for a period!

Following Gary Gensler, Mark Uyeda, a member who has also served as the chairman of the Securities and Exchange Commission (SEC), made striking assessments regarding the transformation that tokenization could bring to financial markets, the regulation of cryptocurrencies, and retail investor participation in private markets.

Uyeda, who stated that tokenization could usher in a new era in stock trading, pointed out the historical development of exchanges by saying, "In the past, we were trading with paper, now we are going through ledger records. Tokenization could be the next stage."

Uyeda stated that there are still many questions regarding how token-based securities will be regulated, saying, "We are expecting suggestions from market participants. Our top priority is the protection of investors and the implementation of security measures against conflicts of interest." In response to the question of when token-based stock purchases will be available to individual investors, Uyeda expressed that the legal regulation process could take a long time, but in some cases, the process could be expedited with exemption decisions or guiding documents.

Uyeda reminded that the SEC does not consider non-profit stablecoins as securities, stating, "Stablecoins that do not generate interest or dividends do not fall under the definition of securities." However, he mentioned that attention should be paid to security and protection measures related to new structures such as tokenized money market funds.

Responding to questions about a cryptocurrency ETF linked to Trump, Uyeda stated that the SEC operates under the principle of "neutrality": "We look at whether the disclosures are transparent and legal, not on whose behalf they are presented." Uyeda, who said that memecoins and NFTs are not securities on their own, warned, "However, if they are placed within a structure like an investment fund, then that structure may be a security."

Uyeda, who reported that the crypto task force is managed by Commissioner Hester Peirce, criticized the "enforcement-focused regulation" approach towards crypto markets in recent years: "A more transparent, participatory, and predictable regulatory understanding should be adopted."