SEC’s crypto task force to hold roundtables on crypto regulations and security status

The new working group on the cryptocurrencies of the Securities and Exchange American commission will launch this month a series of round tables to clarify the “security status” of digital assets.

Nicknamed the “Spring Sprint to Crypto Clarity”, the series will start on March 21 with a discussion entitled “How we arrived here and how we came out – defining security status”, a dry of March 3 press release of the agency said.

The event will take place at the SEC headquarters in Washington, DC, and will be open to the public, although the space for attendance in person is limited.

The round tables are part of a wider thrust of the working group on the Crypto de la Dry, spear In January by acting president Mark Uyeda. Led by Commissioner Hester Peirce, the working group aims to provide an essential clarity to cryptographic regulations.

According to Peirce, these round tables are to “rely on public expertise” to help shape a regulatory framework that makes sense for crypto. She described these sessions as a “important part” of the commitment of the dry with the industry.

The SEC has accelerated efforts to clarify the security status of cryptographic assets only a few days after the Democrats in the Chamber introduced the Even actA bill that prevents federal officials from launching, approving or promoting digital assets, with criminal and civil penalties for violations.

On the same day, the financing division of dry companies weighed On the question of whether the documents even fall under federal laws on securities, finally concluding that they do not respond to the definition of security under the Howy test.

However, the agency stressed that its position is not legally restrictive but rather an interpretation of staff without “no force or legal effect”.

As before reported By Crypto.News, the SEC also unveiled its list of members for its Crypto working group, which includes the staff of the acting president, Mark Uyeda, as well as representatives of several divisions within the agency.

Michael Selig, a former partner of Willkie Farr & Gallagher, who worked on the crypto, the NFTS and the Stablecoins, assumes the role of chief advisor. The former political lawyer of Peirce, Sumeera Younis, will direct the operations, and other key figures include Richard Gabbert, Taylor Asher and Landon Zinda, who all bring different regulatory and political expertise to the table.

The former president of the CFTC and Senior Lawyer of Willkie, Chris Giancarlo, expressed his support For the new role of Selig in a post of March 3, calling it “protected” and expressing excitement about the management of the team.