SEC’s Crypto Task Force to host roundtable on March 21

SEC Is Preparing To Conduct Its First Roundtable Discussion Under The Recently Formed Crypto Task Force, Representing A Crucial Development In Its Approach To Digital Asset Regulation.

Key Takeaways:
– On March 21, the SEC’s new crypto task force in a regulatory roundtable discussion in Washington, D.C., led by Commissioner Hester Peirce, to clarify digital asset rules.
– The commission signals a potential move toward classifying some tokens as “non-securities” with a more industry-friendly stance.

The U.S. Securities and Exchange Commission (SEC) is preparing to conduct its first roundtable discussion under the newly established crypto task force, representing a crucial development in its approach to digital asset regulation.

SEC’s Crypto Task Force To Host Roundtable On Crypto Security Status

The event, scheduled for March 21 at the headquarters in Washington, D.C., forms part of a broader initiative titled “Spring Sprint Toward Crypto Clarity.”

The discussion, entitled “How We Got Here and How We Get Out – Defining Security Status,” aims to provide regulatory clarity for cryptocurrency assets.

Acting Chair Mark Uyeda established the SEC’s crypto task force in late January, appointing Republican commissioner Hester Peirce to spearhead the initiative.

“I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto,” Peirce stated.

Since its formation, the task force has engaged with numerous industry stakeholders, including advocacy group Crypto Council for Innovation, infrastructure provider Zero Hash, and investment firm Paradigm Operations. The discussions have also included prominent figures such as Michael Saylor.

A notable aspect of Peirce’s regulatory agenda involves the classification of certain crypto tokens as “non-securities,” indicating a possible adjustment in the SEC’s regulatory perspective. This development occurs during a transitional period when the agency operates without a Senate-confirmed chairperson.

Under President Donald Trump’s administration, the SEC appears to be implementing a more industry-friendly stance. This shift follows the dismissal of several lawsuits against major crypto firms, including Coinbase, OpenSea, Kraken, Robinhood and Gemini.

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, recently announced that the SEC concluded its investigation after more than three years.

The digital asset community has responded positively to these legal developments, arguing that previous enforcement actions under former SEC Chair Gary Gensler created industry uncertainty. Critics characterized the prior administration’s methodology as “regulation by enforcement,” which they believe hampered innovation.

The commission recently named crypto attorney Mike Selig as chief counsel of the crypto task force. Previously a partner at Willkie Farr & Gallagher, Selig brings specialized knowledge in digital asset regulations. His professional background includes experience with the Commodity Futures Trading Commission, where he served as an intern before moving to private practice.

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