
The US Securities and Exchange Commission (SEC) is gearing up to conduct a roundtable on digital asset regulation scheduled for March 21, 2025. This event comes in light of the agency’s recent establishment of its Crypto Task Force, which includes experienced SEC officials alongside a former cryptocurrency attorney from a leading law firm.
The SEC announced its initiative through a March 2025 press release, aiming to engage in discussions under the theme “Spring Sprint Toward Crypto Clarity”.
Key Highlights
The roundtable will commence with a session titled “How We Got Here and How We Get Out — Defining Security Status”. Commissioner Hester Peirce expressed enthusiasm for the initiative, anticipating valuable insights from public engagement in crafting a functional regulatory framework for cryptocurrencies.
The acting chair, Mark Uyeda, initiated the Crypto Task Force with the goal of enhancing the SEC’s strategy toward digital asset regulation. This initiative is aligned with President Donald Trump’s efforts to reduce regulatory limitations within the cryptocurrency sector. Under this new direction, the SEC has already halted several enforcement actions against cryptocurrency businesses, including the recently dropped lawsuit against Kraken.
In addition, the SEC has confirmed the formation of its 14-member Crypto Task Force, which highlights Michael Selig as its chief counsel. Previously a partner at Willkie Farr & Gallagher, Selig has experience advising on crypto-related legal matters and has represented companies before the SEC and Commodity Futures Trading Commission (CFTC).
Chris Giancarlo, a former CFTC chair, lauded Selig’s appointment, referring to him as a former intern and expressing pride in his protégé’s promotion to chief counsel.
Notable Additions
Interestingly, Sumeera Younis is set to become the new operations chief for the Crypto Task Force, while Richard Gabbert will take on the role of chief of staff. Moreover, Landon Zinda and Taylor Asher have been selected for senior advisory roles within the group, providing their expertise to drive effective cryptocurrency regulations.
Peirce emphasized the assembled team’s thorough knowledge and enthusiasm for tackling the complex regulatory challenges posed by the cryptocurrency landscape.
Key Takeaways
- The SEC will host a roundtable discussing digital asset regulations on March 21.
- The agency has suspended various enforcement actions and has created a new Crypto Task Force.
- The task force includes influential figures such as Michael Selig and Sumeera Younis, focusing on refining oversight of crypto assets.