SEC’s Crypto Regulation Effort Begins with First Roundtable This Month

The US SEC is set to hold the first meeting of its newly formed Crypto Task Force later this month, marking a significant step in its efforts to bring clarity to digital asset regulations.

The roundtable, titled “How We Got Here and How We Get Out – Defining Security Status,” will take place on March 21 at the SEC’s headquarters in Washington, DC. It will be part of a broader initiative called “Spring Sprint Toward Crypto Clarity.”

In a statement released Monday, the SEC outlined that the primary discussion will be livestreamed. A recorded version will be made available later.

However, attendees will also participate in closed-door breakout sessions, which will not be broadcast. These smaller group discussions are expected to allow for more candid exchanges between industry leaders, regulators and legal experts.

Task Force Aims to End Regulatory Uncertainty in Crypto Industry

The roundtable comes at a pivotal moment for crypto regulation in the US. For years, the SEC has largely relied on enforcement actions rather than clear regulatory guidance to oversee the digital asset industry. This approach has led to uncertainty, legal battles and growing frustration among investors and blockchain developers.

Acting SEC Chairman Mark T. Uyeda launched the task force on Jan. 21 to establish a clearer legal framework, outlined practical registration pathways and craft sensible disclosure requirements for crypto projects.

Commissioner Hester Peirce, who is leading the task force, pointed to the importance of public engagement in shaping these policies. “I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto,” she said, underscoring that these roundtables will play a key role in the SEC’s decision-making process.

Industry Backlash Prompts SEC to Rethink Crypto Oversight

Alongside the announcement, the SEC also announced key staff appointments for the task force.

Richard Gabbert, senior advisor to the acting chairman, will serve as chief of staff. Taylor Asher, a senior policy advisor, will take on the role of chief policy advisor. Additionally, the team will include specialists from across the SEC. They will collaborate with industry stakeholders to ensure that regulatory measures are both enforceable and realistic.

The need for a dedicated crypto task force became evident as regulatory uncertainty in the U.S. grew. The SEC has faced criticism for taking a reactive approach instead of providing clear guidelines.

Rather than setting proactive regulations, the agency has often applied new and untested legal interpretations in enforcement actions. This approach has resulted in a patchwork of legal battles. Some crypto firms argue that the SEC has exceeded its authority. Others have responded by relocating to more crypto-friendly jurisdictions.