SECs crypto task force to host its first meeting on security on March 21
- The first roundtable will commence on March 21 between 1 pm and 5 pm at the SECs headquarters in Washington DC
- Hester Peirce said she was looking forward to drawing on the expertise of the public
- The SEC has changed attitude toward the crypto industry, dropping several lawsuits
The US Securities and Exchange Commissions (SEC) crypto task force is expected to hold its first meeting later this month as it works on building a workable, regulatory framework for crypto.
In a statement, the agency said its Spring Sprint Toward Crypto Clarity series will begin on March 21. It will kick off its roundtable discussions with How We Got Here and How We Get Out Defining Security Status.
The initial meeting will be open to the public and will take place from 1 pm to 5 pm at the SECs headquarters at 100 F Street, N.E., Washington, D.C.
SEC Commissioner Hester Peirce, who is leading the Crypto Task Force, said:
I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto. The roundtables are an important part of our engagement with the public.
Changing attitudes
The move comes amid a shift in how the SEC views the crypto industry.
Following US President Donald Trumps election win last November, several pro-crypto individuals have entered his government.
One notable change is who now heads the SEC. Under former president Joe Bidens administration, crypto critic Gary Gensler was the SECs chair. Under him, the agency labeled many crypto coins as securities and filed lawsuits some still ongoing against various crypto platforms.
Paul Atkins has been named as the next SEC chair while Mark Uyeda is currently acting chair of the SEC.
In recent weeks, however, the SEC has dropped a number of these lawsuits. Some of these include Coinbase, Gemini, Kraken, Robinhood Crypto, and Uniswap. Yet, while its considered a win for many, others think differently.
Speaking about the recently dropped SEC lawsuit against Gemini, Cameron Winklevoss, Geminis co-founder, said:
While this marks another milestone to the end of the war on cryptoit does little to make up for the damage this agency has done to us, our industry, and America.
On Monday, the SEC informed our litigation counsel @JackBaughman27 that it has closed its investigation into @Gemini and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells pic.twitter.com/dTjg9CJXVl
Cameron Winklevoss (@cameron) February 26, 2025
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