The US Securities and Exchange Commission (SEC) has begun its crypto rulemaking process, signaling a shift towards creating a tailored regulatory regime for the industry. This marks a significant change from the agency’s previous stance, which had resisted calls to craft rules specifically designed for cryptocurrencies.
During the SEC’s first public roundtable, hosted by its crypto task force, experts discussed the challenges of regulating thousands of digital assets with varying characteristics. The panel touched on issues such as determining whether digital assets are securities and how to establish disclosure guidelines that make sense for investors.
The discussion highlighted the complexities of defining a secure jurisdiction over cryptocurrency transactions. The SEC will need to navigate these challenges to create effective regulations that balance investor protection with innovation.
One notable aspect of the roundtable is the SEC’s decision to drop several cases against crypto companies, including Coinbase and Kraken. This move indicates that the agency is shifting its strategy towards regulating by writing rules rather than taking firms to court.
As the process moves forward, it will be essential to monitor the SEC’s proposals and comments from the public. With thousands of digital assets at play, a well-crafted regulatory framework is crucial for ensuring investor protection and promoting innovation in the industry.
Source: https://www.axios.com/2025/03/21/sec-crypto-regulate