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SEC’s Crypto Task Force to Host Four Roundtables on DeFi, Tokenization, and More
The U.S. Securities and Exchange Commission (SEC) has initiated a three-month effort to clarify the token classification and crypto regulation strategies. The initiative emphasizes open dialogue over enforcement, indicating a shift in the regulatory approach towards collaboration.
The SEC’s Crypto Task Force will host four roundtables between April and June, focusing on decentralized finance (DeFi), tokenization, and asset categorization. The opening session took place last Friday in Washington, D.C., setting the tone for the initiative. Commissioner Hester Pierce referred to it as the “Spring Sprint Towards Crypto Clarity,” implying a change in pace if not policy.
The event centered around the question of whether crypto tokens fall under the existing definition of securities. Miles Jennings, general counsel at a16z Crypto, did not hesitate to criticize the agency’s previous methods, stating that they have failed to protect investors and foster innovation.
Commissioner Hester Pierce emphasized the significance of these roundtables in bringing together experts for an open discussion on regulatory issues and potential solutions. The initiative is designed to hear the perspectives of various stakeholders and provide clarity on crypto-related matters.
The scheduled events will be streamed online, allowing the public to engage with the discussions remotely.
Source: https://www.crypto-news-flash.com/secs-crypto-task-force-host-roundtable/?utm_source=rss&utm_medium=rss&utm_campaign=secs-crypto-task-force-host-roundtable
