SEC Updates the Agenda and Panel Members for the Cryptocurrency Roundtable on April 11
Key Takeaways:
- The Securities and Exchange Commission will hold a second roundtable on cryptocurrency regulation on April 11.
- The Crypto Task Force, led by SEC Commissioner Hester Peirce, aims to provide clarity for the cryptocurrency industry.
- These latest SEC actions could signal a change in the agency’s regulatory stance towards crypto.
The U.S. Securities and Exchange Commission (SEC) is intensifying its focus on cryptocurrency regulation. Scheduled for April 11th, the second roundtable is part of a series organized by the SEC Crypto Task Force. The event will take place from 1 p.m. to 5 p.m. at the SEC’s headquarters, located at 100 F Street, N.E., Washington, D.C. The event will be streamed live on the SEC’s website for public access.
Towards a Balance: The SEC’s Crypto Roundtable
The closed-door roundtable was titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” suggesting that under the guidance of the Crypto Task Force — helmed by the SEC Commissioner Hester Peirce — the regulatory landscape could soon be changing.
According to Commissioner Peirce, the SEC has learned from its public consultations about the best way to provide a clear, reasonable, and just road for the crypto industry to follow. The roundtable and the rest of this series will help bring the country closer to crypto clarity that benefits the American public.
The SEC under former Chairman Gary Gensler often faced criticism for its heavy-handed enforcement tactics and a lack of understanding of the intricacies in the crypto space. A lot of people in the sector thought the SEC treated all digital assets as securities with no regard for their unique technological and economic attributes. Critics argued that such a one-size-fits-all approach stifled innovation and pushed promising projects offshore.
The agenda for the roundtable is set to feature opening remarks from SEC leadership, including:
- Richard Gabbert, Chief of Staff, Crypto Task Force; Senior Advisor to the Acting Chairman
- Acting Chairman Mark Uyeda
- Caroline Crenshaw, Commissioner
- Commissioner Hester Peirce
Following these remarks, a moderated discussion will take place on “Tailoring Regulation for Crypto Trading” with a diverse panel of experts.
Panelists include:
- Nicholas Losurdo, Partner, Goodwin Procter LLP (Moderator)
- Tyler Gellasch, president and CEO, Healthy Markets Association
- Jon Herrick, Chief Product Officer, NYSE
- Richard Johnson, CEO & Founder, Texture Capital.
- Dave Lauer, Co-Founder, Urvin Finance and We the Investors
- Katherine Minarik, Chief Legal Officer, Uniswap Labs
- Christine Parlour, Professor and Chair of Finance and Accounting, UC Berkeley
- Chelsea Pizzola, Associate General Counsel, Cumberland DRW
- Austin Reid, Global Revenue and Business Lead, FalconX
- Gregory Tusar, VP, Institutional Product, Coinbase
The Leading Edge of Industry Voices
The SEC has drawn a wide group of panelists from across the crypto ecosystem. A slow and steady approach indicates the SEC wants to hear from a diverse set of stakeholders. Among the past and current members are representatives from traditional financial institutions like the New York Stock Exchange, from decentralized finance (DeFi) platforms like Uniswap, and from cryptocurrency exchange platforms like Coinbase.
Dave Lauer, Co-Founder of Urvin Finance and We the Investors, is likely to center on the protection of retail investors, a key area of concern for regulators. Other panelists are anticipated to weigh in on decentralization, institutional adoption, and compliance challenges for DeFi platforms.
A Possible Change in Enforcement Strategy
Recent developments indicate that the SEC may be rethinking its longstanding approach of aggressive enforcement against the nascent cryptocurrency industry. The agency has allegedly dropped multiple enforcement actions against large crypto firms, including Coinbase, Kraken, Consensys, and Cumberland. It has also supposedly retracted legal threats against major platforms like Robinhood, Uniswap and OpenSea. These developments may indicate a more collaborative approach toward the crypto industry. Ripple CEO Brad Garlinghouse recently said the SEC intends to drop its case against the company. The case is now under appeal, and it’s unclear how any shift in strategy will affect the outcome.
Most recently, the SEC told a federal judge in New York that it wanted to “explore a potential resolution” over its enforcement lawsuit against the Winklevoss twins’ Gemini cryptocurrency exchange.
More News: First-ever Crypto Regulation Roundtable Hosted by SEC: Expect This
The post SEC Updates the Agenda and Panel Members for the Cryptocurrency Roundtable on April 11 appeared first on CryptoNinjas.
CryptoNinjas
