Washington, DC – Staff at the US Securities and Exchange Commission have embraced the opportunity to finally cooperate with the crypto industry to arouse the policy for administering transactions with digital assets, said Commissioner Hester Peirce, the head of the agency’s Crypto Task Force.
The Securities Regulator is ready “to look for earnestly to find a workable plot,” Peirce told the agency First roundtable dedicated to crypto on Friday. “I think we’re ready for the spring in advance,” he said, referring to the title of the day, the “Spring Sprint towards Crypto clarity.”
The task, according to Peirce: “Can we translate the characteristics of a security into a simple taxonomy that covers many different types of crypto assets that exist today and may exist in the future?”
Mark Uyeda, the acting chairman of the agency, told reporters that despite recent SEC policy statements that some crypto sector areas are not subject to security laws – Memecoins and MiningSo far – this is a “specific possibility” that others are defined as security.
“We are moving on many tracks here,” he said in response to a question from CoinDesk. Each statement released to this day “eventually a staff statement” without a legal backbone, but he said the Roundtable represents the entire commission – current three members – looking at what a “potential interpretation of the commission” looks. “
In his opening comments at the event, Uyeda, appointed by President Donald Trump while Sec A awaits The Senate Confirmation of Paul AtkinsThe agency has argued that it should be more prepared in recent years to publicly express such interpretations.
“When judicial opinions create uncertainty from our participants in the past, the commission and its staff come in to provide guidance,” Uyeda said. “This method of using a common decision for explaining the process or release of the commission rather than implementation actions, should be considered for the sake of classification of crypto assets under federal security laws.”
Panel discussion
The panel discussion saw a dozen security lawyers in the crypto sector to weigh the specific issues they saw as they advised companies.
“What is the biggest question you face in trying to wrestle with this question?,” Troy Paredes, a former SEC commissioner who now runs the consulting techniques, asked Sarah Brennan, the general advice on Delphi Ventures and one of the 11 panelists.
“The phantom of application of security laws has switched projects in the early stages in the market to sort an arch similar to (initial public offerings), where they remain private longer,” he replied.
“These possessions in the traditional model are designed to have a broad, extensive early distribution and most of the market is the rehearsal of the application of security laws, so it ends looking similar to your traditional market where people go their way to a list of exchanges without extensive spread or price support or really fully launching technology.”
The panel featured industry critics along with lawyers who worked to form the sector.
“If you are talking about harvesting farms or Orange Grove farms, the whole point of security regulation is to wrap all the massive, broad, regulation based on principles,” said SEC lawyer John Reed Stark. His concern was that, even in 2025, most of the market had no utility.
“If everyone leaves tomorrow and you don’t think about it, you won’t care,” he said.
Legislature’s questions
Leading roundtable, Sen. Elizabeth Warren and Rep. Jake Auchincloss, both Massachusetts Democrats, write an open letter To Uyeda who asked about the SEC Staff statement to Memecoins And how it was developed.
The letter asked if anyone in the SEC was in contact with the White House about the statement, whether the team working in the White House crypto was assigned the SEC to make anything and why the staff statement was not built at formal decisions.
Warren and AuchinCloss also asked the SEC to explain how it specifically defined memecoins different from “general cryptocurrency,” how it can be distinguished between actual memecoins and memecoins who do not meet the staff’s statement, and where the Memecoins are reviewed by the SEC in outlining its staff statement.
