SEC’s Crypto Task Force to Hold Roundtable on Crypto Security Status on March 21

Highlights:

• Crypto Task Force will hold its first-ever crypto meeting on March 21 at SEC’s head office.
• Task Force aims to establish clear regulations and streamline the registration process for crypto.
• SEC’s recent case dismissals signal a shift towards a more lenient crypto regulatory approach.

In a March 3 press release, the U.S. Securities and Exchange Commission (SEC) announced that it will hold the inaugural meeting of its newly established Crypto Task Force on the “security status” of digital assets. The first roundtable, “How We Got Here and How We Get Out,” will occur on March 21 at SEC’s Washington, D.C., headquarters.

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The agency stated that it will hold a series of roundtables at its head office as part of the “Spring Sprint Toward Crypto Clarity” initiative. The upcoming meeting is the first of these sessions. The session will stream live on SEC.gov, with a recording available later. Attendees can also join private breakout discussions that will not be broadcast.

“I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto,” said Commissioner Hester M. Peirce, who leads the task force. “The roundtables are an important part of our engagement with the public.”

JUST IN: 🇺🇸 SEC Crypto Task Force to "host a series of roundtables to discuss key areas of interest in the regulation of crypto assets." pic.twitter.com/LIY6SeRzaT

— Bitcoin Magazine (@BitcoinMagazine) March 3, 2025

Acting SEC Chairman Mark T. Uyeda created the Crypto Task Force on January 21. It aims to establish clear regulations and streamline the registration process. The initiative also focuses on improving disclosure standards and ensuring balanced enforcement. This begins an important shift in the SEC’s approach to crypto regulation, as promised by President Trump.

SEC Announces Crypto Task Force Staff

Alongside the announcement, the SEC also introduced the 14 members of its Crypto Task Force. Michael Selig was appointed as chief counsel, with experienced SEC staff serving as advisors. Before joining the agency, Selig was a partner at the international law firm Willkie Farr & Gallagher.

The team will also include specialists from various SEC divisions. They will work with industry stakeholders to develop enforceable and practical regulations. Peirce said the Crypto Task Force demonstrates strong expertise and a keen commitment to finding practical solutions for complex crypto regulations. They work with Commission staff and the public to find practical solutions, he added.

SEC Eases Crypto Stance With Case Dismissals and Policy Shifts

Recently, the financial regulator has dropped several major enforcement cases against crypto companies. On March 3, the US SEC withdrew its lawsuit against the crypto exchange Kraken. This marks a shift from the previous administration’s aggressive approach, which led to multiple lawsuits against crypto projects.

The industry has noted the SEC’s policy shift. CEO of Kraken Dave Ripley responded to the case dismissal, saying, “It’s a massive win for crypto, the United States of America, and the world. Since our inception, Kraken has operated with integrity and dedication to doing the right thing.”

Recently, the SEC announced that memecoins are not covered by securities laws, which could impact many projects. It also dropped its appeal against Coinbase and took other steps to ease crypto regulations.

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