Executives Present Requests to SEC During Second Crypto Roundtable

The SEC has been active since Gary Gensler's departure, particularly with the formation of a crypto task force and roundtable discussions on crypto regulation.

Key actions include:

• Statements on crypto-related disclosures from the Division of Corporation Finance
• A request to pause litigation with Binance
• Hosting a second crypto roundtable focused on trading regulations

Panelists at the recent roundtable represented various sectors, including:

• Coinbase
• Uniswap Labs
• New York Stock Exchange

Challenges acknowledged by SEC Acting Chair Mark Uyeda include:

• Most tokenized securities today are unregistered
• Compliance difficulties with the order protection rule
• Custody and execution being handled by crypto platforms rather than traditional exchanges

Panelist insights included:

• Call for precise regulatory guidance from NYSE's Jon Herrick
• Texture Capital's Richard Johnson advocating for blockchain as the official record for securities
• Coinbase’s Gregory Tusar requesting an integrated market structure for securities and commodities
• Suggestions to merge SEC and CFTC for better regulation
• Concerns from Uniswap Labs' Katherine Minarik about not stifling DeFi innovation
• Cumberland DRW's Chelsea Pizzola urging more immediate guidance from the SEC

The next roundtable is scheduled for April 25, focusing on crypto custody considerations.