The U.S. Securities and Exchange Commission (SEC) Crypto Task Force will meet later this month to discuss the security status of digital assets.
Formation of the Crypto Task Force
On March 3, the SEC announced a series of roundtables at its Washington, DC headquarters, titled 'Spring Sprint Toward Crypto Clarity'. The first meeting will begin on March 21, focusing on defining 'security status'.
Key Appointments and Changes
In late January, acting SEC Chair Mark Uyeda established the Crypto Task Force to create the agency’s crypto framework. On March 3, the SEC appointed 14 people to this group, notably assigning Michael Selig, formerly of law firm Willkie Farr & Gallagher, as chief counsel. Christopher Giancarlo from Willkie remarked that Selig is known as 'Crypto Dad'.
Why the Roundtable Matters for Crypto
This roundtable will help determine whether digital assets should be subject to new, more flexible regulations similar to those for stocks. It may also indicate a policy shift favoring fewer lawsuits and more clarity for crypto companies in the U.S.
The SEC's Crypto Task Force and its meetings could significantly influence the regulatory approach to digital assets in the U.S. and globally.
