The third SEC roundtable focuses on crypto custody issues, highlighting the importance of legislation in the cryptocurrency space.
Key Participants of the Roundtable
Key figures in the roundtable include SEC representatives such as Hester M. Peirce and Mark Uyeda, along with industry participants like Mark Greenberg (Kraken), Rachel Anderika (Anchorage), and representatives from Fidelity and Fireblocks.
Significance of Discussions for the Industry
Hester Peirce emphasizes the importance of resolving custody issues to integrate crypto assets into the regulatory framework. Mark Uyeda acknowledges concerns over the proposed custodial rule's broad scope.
Expectations and Market Implications
Immediate effects of the SEC discussions on crypto markets remain muted. Large custodians, including Fidelity and WisdomTree, indicate potential for expanded institutional participation in anticipation of clear rules.
These discussions may guide future regulations, influence technological advancements, and bolster institutional confidence in crypto custody.
