SEC Commissioner Mark Uyeda proposed creating a specialized version of the S-1 form for crypto assets, arguing that the current form fails to address the unique needs of digital and unconventional financial products. In crypto, the S-1 form is used for spot ETFs and is a regulatory filing required by the SEC for an ETF to go public. It outlines the fund’s investment strategy, custody solutions, and associated risks. Uyeda, who contrasts with Gensler’s critical stance on crypto, suggested that the SEC collaborate with crypto companies to revise the form to better suit the industry. Source: Coindesk