“The issue isn’t that crypto companies don’t want to register. The issue is that it’s like trying to put a square peg in a round hole. It doesn’t fit.”released by the SEC Commissioner, Mark Uyeda. On the 1st of June, Uyeda emphasized upon “re-registration for Index-Linked Annuities & Registered Market-Value Adjustment Annuities.”“Because in the footnotes, he calls for updating form S-1 to better-suit crypto’s unique characteristics.
For context, S-1 forms, or ‘Registration Statements,’ are filed by potential issuers such as asset managers like BlackRock and VanEck. These forms detail the structure of the funds, their management, and the operations of the proposed ETF product. This recent war against Gensler highlighted how the SEC has been scrutinizing various crypto firms back and forth on regulatory grounds, but hasn’t yet stepped up to provide regularity clarity in the crypto space.
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