US Regulators to Host Expanded Series of Roundtables on Cryptocurrency Oversight

SEC Crypto Task Force Schedules Four More Roundtables on Regulation

The Securities and Exchange Commission's (SEC) Crypto Assets and Cyber Related Infrastructure Task Force has announced plans to hold four additional roundtables on the regulation of digital assets.

The roundtables, which are scheduled to take place in the coming months, will bring together industry experts, regulators, and other stakeholders to discuss the regulatory landscape for cryptocurrencies and digital assets.

The first roundtable, which took place in February, focused on the risks and challenges associated with digital assets. The subsequent roundtables will delve into specific topics, including the use of digital assets in initial coin offerings (ICOs), the regulation of decentralized finance (DeFi) platforms, and the role of digital assets in traditional financial markets.

The SEC's Crypto Assets and Cyber Related Infrastructure Task Force was established in 2020 to explore the regulatory implications of digital assets and to identify potential risks and challenges associated with their use. The task force is led by SEC Chairman Gary Gensler, who has emphasized the need for a coordinated regulatory approach to digital assets.

The additional roundtables are expected to provide a platform for stakeholders to share their perspectives and insights on the regulation of digital assets. The discussions will also inform the development of potential regulations and guidelines for the industry.

The SEC's efforts to regulate digital assets have been met with a mix of support and skepticism from the industry. Some have praised the agency's willingness to engage with stakeholders and to develop a regulatory framework that is tailored to the unique characteristics of digital assets. Others have expressed concerns that the regulations could stifle innovation and limit access to digital assets for certain individuals and groups.

The SEC's Crypto Assets and Cyber Related Infrastructure Task Force is expected to continue its work on the regulation of digital assets in the coming months. The agency's next steps will depend on the outcome of the additional roundtables and the development of potential regulations and guidelines.