Key Points:
- The SEC’s new crypto task force will host a crypto regulation roundtable on March 21 in Washington, D.C., led by Commissioner Hester Peirce, to clarify digital asset rules.
- The agency 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 set to host its first roundtable discussion under the newly established crypto task force, marking a significant step in its efforts to regulate the digital asset industry.
The event, scheduled for March 21 at the SEC’s headquarters in Washington, D.C., is part of a broader initiative titled “Spring Sprint Toward Crypto Clarity.”
SEC’s Crypto Task Force Hosts Crypto Regulation Roundtable on March 21
The discussion, named “How We Got Here and How We Get Out – Defining Security Status,” will focus on clarifying regulatory frameworks for cryptocurrency assets.
The SEC’s crypto task force was established in late January by Acting Chair Mark Uyeda, who appointed 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 said.
Since its formation, the task force has engaged with various industry representatives, including advocacy group Crypto Council for Innovation, infrastructure provider Zero Hash, and investment firm Paradigm Operations. Additionally, discussions have involved prominent industry figures such as Michael Saylor.
A notable aspect of Peirce’s regulatory agenda includes the classification of certain crypto tokens as “non-securities,” signaling a potential shift in the SEC’s approach. The development comes as the agency navigates a period of transition without a Senate-confirmed chair.
Legal Wins and Leadership Changes Reshape Crypto Oversight
Under the administration of President Donald Trump, the SEC appears to be adopting a more industry-friendly stance. The shift follows a series of dismissed lawsuits against major crypto firms, including Coinbase, OpenSea, Kraken, Robinhood and Gemini.
Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, also recently announced that the SEC had ended its investigation after more than three years.
The digital asset sector has welcomed these legal developments, arguing that previous enforcement actions under former SEC Chair Gary Gensler created uncertainty for the industry. Critics of the prior administration’s approach labeled it as “regulation by enforcement,” which they claim stifled innovation.
The commission recently appointed crypto lawyer Mike Selig as chief counsel of the crypto task force. Selig, previously a partner at Willkie Farr & Gallagher, brings expertise in digital asset regulations. His background includes experience with the Commodity Futures Trading Commission (CFTC), where he interned before transitioning into private practice.
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