03.06.25

SEC’s Uyeda Expects Slowdown in Rulemaking

by: Nicola M. White

Mark Uyeda, acting chair of the U.S. Securities and Exchange Commission (SEC) said he expects a slowdown in the regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. Uyeda called out the breadth and the speed of SEC rulemaking under former Chair Gary Gensler, including policies aimed at the crypto industry. Less than two months under Uyeda's leadership, the SEC has already dropped or paused at least 10 cases against crypto companies and has signaled that it would no longer pursue regulation by enforcement. The SEC has also stopped defending Gensler’s climate-risk disclosure rules, made it easier for corporations to block votes on shareholder proposals and exempted personal information from appearing in the Consolidated Audit Trail.

Read the full article on Bloomberg