Internet reports that at the second cryptocurrency working group roundtable meeting, US SEC Acting Chairman Mark T. "We should consider whether there are more efficient methods of regulation," Uyeda said. He pointed out that "under an inclusive federal regulatory framework, some market participants may prefer to provide trading services for tokenized securities and non-securities crypto assets under a single SEC license rather than based on licenses from 50 different states." Uyeda emphasized that "blockchain technology has the potential to execute and clear securities transactions in a more efficient and reliable manner than current processes." He suggested that "a time-limited, conditional exemption regulatory framework may allow greater innovation in blockchain technology in the United States in the short term."