- The regulator’s next roundtable on April 11 will address the proper way to regulate crypto trading.
- It is being organized by its newly-formed Crypto Task Force and will serve as the second instalment in a series of meetings.
The US Securities and Exchange Commission (SEC) has announced the roster of US crypto and financial industry heavyweights who will participate in a roundtable discussion about the regulation of crypto trading.
Known as “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” the regulator’s next roundtable on April 11 will address the proper way to regulate crypto trading. The announcement was made on April 7.
Major Step Under Trump Administration
Moreover, it is being organized by its newly-formed Crypto Task Force. And will serve as the second instalment in a series of meetings devoted to cryptocurrency.
Participating are individuals from companies that were formerly under the regulator’s purview. Including Uniswap Labs CLO Katherine Minarik, Cumberland DRW assistant general counsel Chelsea Pizzola, and Coinbase institutional product VP Gregory Tusar.
Cumberland DRW and Coinbase were both sued by the SEC in October and June of 2023, respectively. This was for suspected breaches of securities rules. However, both cases were withdrawn this year by the Trump administration.
In April 2024, the SEC initiated an inquiry into Uniswap Labs with the intention of taking enforcement action. However, the probe was subsequently discontinued in February without any further developments.
The discussion also includes Richard Johnson, CEO of securities tokenizing startup Texture Capital, Jon Herrick, head of products at the New York Stock Exchange, Austin Reid, head of business at crypto brokerage FalconX, and Christine Parlour, chair of finance at the University of California, Berkeley.
Furthermore, as part of its “Spring Sprint Toward Crypto Clarity” initiative, the SEC has organized a series of five roundtable discussions. The second of which is centered on cryptocurrency. The first one took place on March 21 and dealt with crypto’s legal standing. The next three will go over tokenization, custody, and decentralized finance (DeFi).
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