The Securities and Exchange Commission (SEC) held its third roundtable of the Crypto Task Force, aiming to tackle long-standing regulatory issues in digital assets. Chairman [Name] expressed gratitude to fellow Commissioners, staff, and Commissioner Peirce for their support.
The task force focuses on regulating crypto asset custody, seeking changes to existing laws and frameworks. The goal is to establish a rational, fit-for-purpose framework that accommodates blockchain technology. Issues discussed include:
– Updating custody rules under the Exchange Act, Advisers Act, or Investment Company Act
– Addressing the effectiveness of the “special purpose broker-dealer” regime
– Developing a new crypto asset broker-dealer framework
Market participants have indicated the need for regulatory clarity. The SEC seeks input from experts and stakeholders to guide its efforts. A productive discussion is expected, with Chairman [Name] looking forward to collaborating with colleagues and Congress to create a regulatory environment that encourages innovation and efficiency.
Source: https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-crypto-task-force-roundtable-042525