🚨NEW: SEC Commissioner @MarkUyedaUS says the agency dropped several crypto cases inherited from the prior administration because continuing to defend legal interpretations it was preparing to reverse would have “hurt the SEC’s credibility.” “I’m not about to have our litigators…stand up in court” as the commission prepares to make a “180-degree change” in its interpretation, he said. Uyeda also called the SEC’s Innovation Exemption for tokenized securities a “pilot” that could create “a lot of potential opportunities” for new entrants and traditional financial firms.