SEC Loves Crypto Now? 😲

by

Dust Bowl days are over, folks. Seems the U.S. Securities and Exchange Commission, bless their bureaucratic hearts, is fixin’ to hold four more of them roundtable hoedowns about crypto. Yep, after that first shindig back in March, they’re at it again. Talkin’ ’bout crypto tradin’, keepin’ it safe (custody, they call it), turnin’ stuff into tokens, and that there decentralized finance, or DeFi, as the city-slickers say.
SEC Roundtable

This here newly formed SEC Crypto Task Force, well, they’re the ones wranglin’ these roundtables. Seems they got a hankerin’ to jaw about how to keep crypto assets in line. Bless their hearts, they’re tryin’.

SEC to Discuss Key Areas of Interest in Crypto Regulation 🧐

The US Securities and Exchange Commission, bless their souls, announced it’ll be holdin’ four more of them crypto roundtables after that first one on March 21st. These here roundtables, put on by that Crypto Task Force of theirs, are part of the SEC’s ongoin’ chinwaggin’ about regulatin’ them crypto assets. Takes all kinds, don’t it?

First one’s on April 11, 2025, all about makin’ rules for crypto tradin’. Then, on April 25, 2025, they’ll gab about crypto custody – keepin’ it safe, like buryin’ your gold under the ol’ oak tree 🌳. May 12, 2025, they’re jawin’ ’bout turnin’ stuff into tokens. And finally, on June 6, 2025, they’re gonna chew the fat about decentralized finance, or DeFi. Sounds kinda fancy, don’t it?

That first roundtable? Well, they were tryin’ to figure out if these here digital assets are securities. Like tryin’ to nail jelly to a tree, I reckon. 🤷

This Crypto Task Force lit its fuse on January 21, 2025, with Mark T. Uyenda leadin’ the charge. Seems they want to “draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.” Good luck with that, I say. 🤠

On their website, the SEC said this about the Crypto Task Force:

“The Crypto Task Force will help to draw clear regulatory lines, appropriately distinguish securities from non-securities, craft tailored disclosure frameworks, provide realistic paths to registration for both crypto assets and market intermediaries, ensure that investors have the information necessary to make investment decisions, and make sure that enforcement resources are deployed judiciously.”

SEC Commissioner Hester Peirce spilled the beans on who’s on the Crypto Task Force. Bunch of folks from the Chairman’s office and other corners of the agency. Sounds like a regular hootenanny. 🥳

SEC Relaxes Its Anti-Crypto Stance 😴

Under President Donald Trump, the SEC’s been softenin’ up on crypto, after bein’ kinda mean about it under that Gary Gensler fella. Gensler quit on January 20, 2025, lettin’ Mark Uyeda grab the reins. Change is as good as a rest, I always say.

Folks were yellin’ at the SEC for bein’ so tough on crypto, especially after all them lawsuits. But now, with the new boss in town, they’re droppin’ some of them cases. And Uyenda’s thinkin’ about ditchin’ a rule from the Biden days that was gonna tighten up crypto custody. Seems like they’re wakin’ up and smellin’ the coffee. ☕

Hester Peirce even chimed in about these roundtables, soundin’ a lot friendlier to the crypto crowd.

“The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them.”

SEC Meeting

Read More

2025-03-27 16:15