- The SEC is planning for more discussions around crypto trading, custody, tokenization, and decentralized finance to focus on regulatory solutions.
- Roundtables will address prime regulatory issues with crypto experts.
- Major regulatory developments are expected to be seen by June 2025.
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force announced on Tuesday that it will host four more roundtable discussions with the sector, on topics ranging from tokenization to decentralized finance (DeFi).
SEC Roundtables for Crypto Task Force
The roundtables are expected to take place from April to June, and are an indication of the agency’s efforts to create better regulations for the industry. Crypto roundtables are organized for the SEC (Securities and Exchange Commission) to oversee a lively discussion among industry experts to be in the know of current regulatory issues and the solutions the Commission can come up with to resolve them. Sessions for the roundtables are already scheduled to discuss topics like trading on April 11, custody considerations on April 25, asset tokenization on May 12, and decentralized finance on June 6. These roundtable sessions are expected to take place at the SEC headquarters with both in-person and virtual attendance expected.
Acting SEC Chairman Mark Uyeda announced the formation of the Crypto Task Force on January 21, a day after his appointment to the position. The task force is established to develop clear regulatory frameworks and registration paths for crypto companies.
By this month, the SEC has already appointed key figures and industry experts to help support these efforts. The SEC’s plan is to host four more crypto roundtables after the first one that was held last Friday in Washington, D.C., discussing how securities laws might be applicable to digital assets. Several industry lawyers spoke about issues related to the security of assets.
Commissioner Peirce revealed plans to explore how the agency could provide some kind of framework to place rules for NFTs as an asset category. Later, it was pronounced last week that crypto mining does not violate securities laws.
SEC in alignment with broader crypto policy changes
The roundtable discussions are just one example of the SEC’s ongoing actions to regulate the crypto sector. The move is in alignment with the current broader crypto policy changes under President Donald Trump, who has been supportive of the industry both during his campaign trail and after his electoral win. Trump has signed an executive order forming a strategic crypto reserve since he began his second term in the White House. It is expected to comprise seized Bitcoin and push the stablecoin bill forward among other crypto-friendly initiatives.
As the SEC changes its stance from the “regulation by enforcement” that was implemented by former Chair Gary Gensler, its new leadership is working to improve its relationship with the crypto industry and provide better regulatory guidelines to industry participants. Each of the roundtable discussions is scheduled to be held at the SEC headquarters in Washington, D.C., and will also be livestreamed globally. The schedule extends into June and is probably an indicator of the comprehensive regulations that will be formed, potentially establishing global standards for crypto legislation, affecting the global cryptocurrency legal landscape.