SEC’s Crypto Task Force to host roundtable on crypto security status

The US Securities and Exchange Commission’s Crypto Task Force is acceptable to big a roundtable aboriginal this period connected the “security status” of integer assets.

It comes the aforesaid time the bureau announced the staffing lineup for the task force, which taps a erstwhile large instrumentality steadfast crypto lawyer on with longstanding SEC staff.

The SEC said successful a March 3 property release that it volition big a bid of roundtables astatine its Washington, DC caput office, dubbed the “Spring Sprint Toward Crypto Clarity.” 

The archetypal roundtable volition footwear disconnected connected March 21 with a treatment titled “How We Got Here and How We Get Out — Defining Security Status.”

“I americium looking guardant to drafting connected the expertise of the nationalist successful processing a workable regulatory model for crypto,” said Crypto Task Force pb Commissioner Hester Peirce.

The SEC’s acting chair, Mark Uyeda, launched the Crypto Task Force successful precocious January to make a crypto model for the agency. One of President Donald Trump’s promises was to alleviate regulatory enforcement of the crypto industry.

The bureau has precocious dropped aggregate litigation efforts against crypto companies, which were launched during the Biden administration. The astir caller litigation the bureau abandoned connected March 3 was its suit against crypto speech Kraken.

In an earlier property release connected March 3, the SEC announced the 14 members of its Crypto Task Force, which notably named Michael Selig arsenic its main counsel alongside longtime SEC unit who would counsel the group. Selig was a spouse astatine the prestigious planetary instrumentality steadfast Willkie Farr & Gallagher earlier helium joined the agency.  

An archived version of his illustration from the firm’s website — which has been deleted — noted Selig’s counseled crypto, non-fungible token (NFT) and stablecoin firms. 

It besides added helium “represented clients successful enforcement matters earlier the SEC and CFTC [Commodity Futures Trading Commission] involving regulatory compliance violations.”

Former CFTC seat and Willkie elder counsel Chris Giancarlo, widely known as “Crypto Dad,” congratulated Selig successful a March 3 X post, saying helium was “proud and excited for my protégé.”

Also of enactment is Peirce’s erstwhile argumentation counsel, Sumeera Younis, who was named the task force’s operations chief. 

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In a statement, Peirce said the crypto unit “exhibits heavy expertise and an enthusiastic committedness to identifying — with the assistance of different talented unit crossed the Commission and funny members of the nationalist — workable solutions to hard crypto regulatory problems.”

Last month, acting seat Uyeda announced immoderate of the force’s staff, which named Landon Zinda, the erstwhile argumentation manager of crypto advocacy enactment Coin Center arsenic a elder adviser.

Peirce’s erstwhile counsel, Richard Gabbert, picked up the force’s main of unit role, portion Uyeda’s erstwhile argumentation adviser, Taylor Asher, was made the group’s main argumentation adviser.

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