The SEC has announced a series of roundtables aimed at defining the status of crypto assets, bringing clarity to cryptocurrency regulations.
Initiative Launch
In March, the SEC will initiate a series of discussions called 'Spring Sprint Toward Crypto Clarity.' The first session will take place on March 21 at the SEC's headquarters in Washington, D.C. These events are part of a broader initiative launched in January under Acting Chair Mark Uyeda and Commissioner Hester Peirce. The aim is to determine which digital assets qualify as securities.
Aims and Objectives of Roundtables
Commissioner Hester Peirce noted that these roundtables aim to engage public experts in forming a regulatory framework that makes sense for the crypto industry. She emphasized the importance of public participation in shaping regulatory policies that consider the interests of all stakeholders.
Discussion on Meme Coins
Amid the initiative, the SEC is actively discussing the status of meme coins under federal securities laws. Although the SEC concluded that meme coins do not meet the criteria for securities under the Howey Test, it is important to note that this stance is a staff interpretation with no legal force.
The SEC's roundtables aim to clarify the status of crypto assets and improve regulation in the sector, which could play a key role in supporting stability and transparency in the digital currency market.
