SEC Crypto Task Force Gears Up: The Agency Roundtable to Address Security Debate

SEC Crypto Task Force Gears Up: Key Roundtable to Shape Future Regulations

Later this month, a roundtable on the security status of digital assets is scheduled by the US Securities and Exchange Commission’s Crypto Task Force. It coincides with the agency’s announcement of the task force’s staffing lineup, which includes longtime SEC employees and a former cryptocurrency lawyer from a large law firm.

The SEC will hold a series of roundtables at its headquarters in Washington, DC, called the “Spring Sprint Toward Crypto Clarity,” according to a news release issued on March 3. On March 21, a conversation titled “How We Got Here and How We Get Out—Defining Security Status” will begin the first roundtable.

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

Crypto Task Force lead Commissioner Hester Peirce

Crypto Crackdown Eases? SEC Drops Lawsuits, Forms New Task Force

In late January, Mark Uyeda, the interim chair of the SEC, established the Crypto Task Force to create a crypto framework for the organization. Improving the regulatory enforcement of the cryptocurrency sector was one of President Donald Trump‘s pledges. The government recently canceled many lawsuits against cryptocurrency companies under the Biden administration. The legal body recently dropped its lawsuit against cryptocurrency exchange Kraken on March 3.

Longtime SEC employees who would assist the group, including Michael Selig as its top counsel, were among the 14 members of the Crypto Task Force disclosed by the SEC in a previous press release on March 3. Prior to joining the agency, Selig was a partner at Wells & Gallagher, a prominent international legal firm.

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