The U.S. Securities and Exchange Commission (SEC) has announced plans to hold four additional roundtables focused on cryptocurrency regulation in the coming months. This follows the inaugural roundtable held on March 21. According to a March 25 statement, the SEC’s Crypto Task Force will spearhead these discussions, covering key areas such as crypto trading, custody, tokenization, and decentralized finance (DeFi).
The first of the upcoming roundtables, scheduled for April 11, will focus on shaping regulatory frameworks for crypto trading platforms. This will be followed by a session on crypto custody on April 25. On May 12, experts will discuss tokenization and the transition of traditional assets onto blockchain networks. Finally, DeFi will take center stage during the June 6 roundtable.
SEC Commissioner Hester Peirce, who leads the Crypto Task Force, emphasized the importance of these discussions. “The roundtables offer a platform for experts to share insights on regulatory challenges and help the Commission explore practical solutions,” she said.
Although the agendas and speakers have yet to be announced, the public will have the opportunity to attend the events either in person at the SEC’s Washington, DC headquarters or virtually.
Shift in Regulatory Tone Under New Leadership
The SEC’s evolving approach to crypto regulation comes on the heels of a leadership change. Acting SEC Chair Mark Uyeda, who assumed office following Gary Gensler’s departure on January 20, has signaled a departure from the agency’s previously aggressive enforcement stance. Uyeda has expressed intentions to reshape the regulatory framework with a more pragmatic outlook.
During the March 21 roundtable, titled “How We Got Here and How We Get Out — Defining Security Status,” the discussion revolved around the classification of crypto assets. This signals the SEC’s willingness to engage with industry players on clarifying regulatory ambiguities.
Additionally, the SEC is also broadening its focus to artificial intelligence (AI). On March 27, the agency will host a separate roundtable exploring AI’s impact on the financial sector, including its risks, benefits, and governance. Uyeda, Peirce, and Commissioner Caroline Crenshaw are slated to participate.
Future of Crypto Oversight
Under Uyeda’s leadership, the SEC appears to be rolling back some of its more stringent policies introduced during Gensler’s tenure. On March 17, Uyeda proposed scrapping a rule introduced under the Biden administration that would have imposed stricter custody requirements on crypto-focused investment advisers.
Furthermore, Uyeda recently called for reconsidering proposed regulations that would classify crypto firms under the same rules as traditional exchanges, hinting at a potentially more crypto-friendly regulatory environment ahead.