SEC’s Crypto Task Force to Host Roundtable on Digital Asset Regulation

YEREVAN (CoinChapter.com) — The U.S. Securities and Exchange Commission (SEC) will hold a crypto-focused roundtable later this month as part of its “Spring Sprint Toward Crypto Clarity” initiative. The first session, scheduled for March 21, will focus on defining the security status of digital assets and how they fit within existing securities laws.

The discussion, titled “How We Got Here and How We Get Out — Defining Security Status,” aims to gather insights from regulators, legal experts, and industry participants. The SEC’s Crypto Task Force will lead the talks, seeking clarity on regulatory approaches. Commissioner Hester Peirce, who heads the task force, emphasized the importance of public input in shaping a regulatory framework. She stated that the SEC will rely on expertise from external sources to develop practical solutions for crypto regulation.

SEC Names Leadership for Crypto Task Force

On March 3, the SEC announced the 14 members of its Crypto Task Force, selecting Michael Selig as chief counsel alongside several experienced SEC officials. Selig previously worked at Willkie Farr & Gallagher, where he advised crypto, NFT, and stablecoin firms on regulatory matters. His now-deleted profile from the firm highlighted his work in SEC and CFTC enforcement cases.

Former CFTC chair Chris Giancarlo, widely recognized for his role in crypto regulation, commented on Selig’s appointment, expressing his support. He noted that he was proud and excited to see Selig in the new role. The SEC also named Sumeera Younis as operations chief, with Richard Gabbert taking on the position of chief of staff. Landon Zinda, who previously worked at Coin Center, will serve as a senior adviser, while Taylor Asher, former policy adviser to Acting Chair Mark Uyeda, will oversee policy matters for the task force.

SEC Adjusts Crypto Enforcement Approach

The SEC’s stance on crypto regulation has shifted in recent months, with the agency dropping multiple lawsuits initiated during the Biden administration. On March 3, the SEC dismissed its case against Kraken, a lawsuit that was part of broader enforcement actions against crypto exchanges.

The Crypto Task Force began in January under Acting Chair Mark Uyeda. It focuses on building a regulatory framework for digital assets. The initiative follows a shift in the SEC’s approach to crypto oversight.

The task force’s direction aligns with former President Donald Trump’s policies. He previously supported reducing regulatory pressure on the crypto industry. The SEC has already dropped several crypto-related lawsuits in recent months.

The first roundtable discussion will take place on March 21. It marks the beginning of a series of crypto regulation talks. The focus will be on defining the legal status of digital assets.

The task force will review existing regulations. It will also analyze past enforcement actions. The goal is to determine how regulatory agencies should classify digital assets.

Each discussion will contribute to a broader crypto policy framework. The SEC will gather input from industry experts and legal professionals. Future sessions will address compliance challenges and enforcement strategies.

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