The Securities and Exchange Commission has released a list of executives from the US crypto and financial giants who will be taking part in the Roundtable on Cryptocurrency Regulations.
On April 7, the regulators discussed how the next April 11 Roundtable handles crypto trading rules, calling it “between blocks and difficult places: adjusting regulations for crypto trading.”
It will be the second in a series of discussions about Crypto, led by the recently formed Crypto Task Force.
Katherine Minarik, Chief Justice Secretary of UNISWAP Labs, Cumberland DRW Associate Counsel Chelsea Pizzola, and Gregory Tusar, vice president of Coinbase Institutional Product, are all companies that were once within the scope of regulatory authority.
Under the Biden administration, regulators sued Cumberland DRW in October and Coinbase in June 2023 on suspicion of breaching securities laws, but both cases were dropped this year under the Trump administration.
The SEC also launched an investigation into the possibility of UNISWAP Labs enforcement action in April 2024.
Also participating in the Roundtable are New York Stock Exchange product chief John Herrick, crypto brokerage company Falconx Business Oustin Reid, and Christine Parlor, CEO of securities securities employing securities and chairman of the University of California Berkeley Treasury.
Source: Sec
Advocacy Group co-founders We The Investors and Tyler Gellasch will also be joined by Dave Lauer, CEO of the non-profit Healthy Markets Association, but Nicholas Losurdo, a partner at law firm Goodwin Procter, will ease the debate.
The SEC will be represented by acting chairman Mark Weda, Crypto Task Force Chiefs, Caroline Crenshaw and Hester Perth.
The Round Table is the second crypto-centric discussion in five series called the SEC “Spring Sprint for Crypto Clarity.” The first was March 21st regarding the legal status of cryptography, but three future discussions cover custody, tokenization, and distributed finance (DEFI).
Review of SEC's Uyeda Order Staff Crypto Comments
The roundtable is that as the SEC works to revamp its oversight of the crypto industry under President Donald Trump, the latest action is to review staff statements about Crypto so that they can be changed or withdrawn.
Uyeda said in an April 5 statement shared by X's SEC that it had reviewed seven staff statements, due to recommendations from Trump's deregulation and Elon Musk-led government efficiency departments, or recommendations from Doge.
Source: Sec
“The purpose of this review is to identify statements of staff that should be amended or withdrawn in line with current agency priorities,” Uyeda said.
Related: SEC Painting USD Stablecoin Market's “Distorted Pictures” – Crenshaw
The first on the list was an analysis from the Strategic Hub of Innovation and Financial Technology in April 2019, on how crypto sales become investment contracts under securities that define howie tests.
There are also two divisions of the Investment Management Statement for review. One calls on investors to consider the risks of funds associated with exposure to Bitcoin futures starting in May 2021, and the November 2020 statement asks for feedback on whether state banks meet the criteria for becoming qualified custodians.
The SEC will also review the December 2022 Corporate Financial Statement statement and urge Sec-Regulated companies to evaluate their disclosures to mention whether the bankruptcies and collapses of many crypto companies at that time have affected their businesses.
Finally, the agency will consider an exam division alert starting February 2021, saying, “Many activities related to the offers, sales and trading of digital assets, which are securities, pose unique risks to investors.”
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