SEC crypto trading roundtable to include crypto giants Uniswap, Coinbase

The US Securities and Exchange Commission has released the database of executives from US crypto and concern giants that volition instrumentality portion successful a roundtable treatment connected crypto trading regulation.

On April 7, the regulator said its upcoming April 11 roundtable volition sermon however it should grip crypto trading rules, calling it “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.”

It volition beryllium the 2nd successful a bid of discussions connected crypto, headed by its recently-formed Crypto Task Force.

Taking portion are Uniswap Labs main ineligible serviceman Katherine Minarik, Cumberland DRW subordinate wide counsel Chelsea Pizzola and Coinbase organization merchandise vice president Gregory Tusar — each firms that had erstwhile been successful the regulator’s scope.

Under the Biden administration, the regulator sued Cumberland DRW successful October and Coinbase successful June 2023 for alleged securities instrumentality violations, but some lawsuits were dropped this twelvemonth nether the Trump administration.

The SEC besides started an probe for imaginable enforcement enactment into Uniswap Labs successful April 2024, which was dropped successful February with nary further action.

Also taking portion successful the roundtable are New York Stock Exchange merchandise main Jon Herrick, crypto brokerage FalconX concern pb Austin Reid, securities tokenizing steadfast Texture Capital CEO Richard Johnson and the University of California, Berkeley concern seat Christine Parlour.

Source: SEC

Dave Lauer, co-founder of the advocacy radical We the Investors and Tyler Gellasch, CEO of the not-for-profit Healthy Markets Association, volition besides instrumentality part, portion instrumentality steadfast Goodwin Procter spouse Nicholas Losurdo volition mean the discussion.

Representing the SEC volition beryllium acting seat Mark Uyeda, Crypto Task Force main of unit Richard Gabbert and Commissioners Caroline Crenshaw and Hester Peirce.

The roundtable is the 2nd crypto-focused treatment successful a bid of 5 that the SEC dubbed the “Spring Sprint Toward Crypto Clarity.” The archetypal was connected March 21, regarding the ineligible presumption of crypto, portion 3 future discussions volition screen custody, tokenization, and decentralized concern (DeFi).

SEC’s Uyeda orders reappraisal of unit crypto comments

The roundtables travel arsenic the SEC, nether President Donald Trump, works to revamp its oversight of the crypto industry, with its latest enactment being to reappraisal unit statements connected crypto truthful they tin perchance beryllium changed oregon withdrawn.

Uyeda said successful an April 5 connection shared by the SEC connected X that owed to Trump’s enforcement bid connected deregulation and recommendations from the Elon Musk-led Department of Government Efficiency, oregon DOGE, helium was reviewing 7 unit statements, 5 of which acrophobic crypto.

Source: SEC

“The intent of this reappraisal is to place unit statements that should beryllium modified oregon rescinded accordant with existent bureau priorities,” Uyeda said.

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The archetypal connected the database was an April 2019 investigation from the Strategic Hub for Innovation and Financial Technology connected however crypto income could beryllium concern contracts nether the securities defining Howey trial — an statement the bureau had made to writer aggregate crypto firms for ineligible violations.

Also up for reappraisal are 2 Division of Investment Management statements, 1 from May 2021 asking investors to see the risks of funds with vulnerability to Bitcoin futures and a November 2020 connection asking for feedback connected whether state-chartered banks conscionable standards to beryllium qualified custodians.

The SEC volition besides look into a December 2022 Division of Corporation Finance connection that urged SEC-regulated companies to measure their disclosures to notation if a slew of crypto steadfast bankruptcies and collapses astatine the clip impacted their business.

Finally, the bureau volition reappraisal a Division of Examinations alert from February 2021 that said, “a fig of activities related to the offer, merchantability and trading of integer assets that are securities contiguous unsocial risks to investors.” 

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