SEC ❤️ Crypto? You Won’t BELIEVE What’s Next! 😱

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So, the US Securities and Exchange Commission, bless their hearts, is hosting *more* crypto roundtables. Four, to be exact. Because one wasn’t enough to figure out this whole crypto thing? Apparently not. They’re diving deep into crypto trading, custody, tokenization, and everyone’s favorite: decentralized finance (DeFi). You know, because nothing says “easy breezy regulation” like DeFi. 🙄

These little pow-wows, orchestrated by the SEC’s Crypto Task Force (sounds like a superhero squad, doesn’t it?), are kicking off with a chat about tailoring regulation for crypto trading on April 11, according to a March 25 statement. Mark your calendars, folks! Or don’t. It’s probably going to be a snooze-fest. 😴

Next up, a roundtable on crypto custody on April 25. Because keeping your crypto safe is apparently a novel concept. Then, they’re tackling tokenization and moving assets on-chain on May 12. Followed by the grand finale: DeFi on June 6. Get ready for some serious head-scratching! 🤯

“The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them,” said SEC Commissioner Hester Peirce, the task force lead. “Lively discussion” is SEC code for “polite arguments and absolutely no breakthroughs.” Just kidding! Maybe. 🤷‍♀️

The specific agenda and speakers are still a mystery, but you can watch it online or attend in person at the SEC’s HQ in DC. So, if you’re into that kind of thing, knock yourself out! Just don’t expect any free coffee. ☕

SEC Softens on Crypto? Don’t Get Your Hopes Up!

The agency’s Crypto Task Force (still picturing superheroes in ill-fitting suits) launched on Jan. 21. Their mission? To establish a “workable crypto framework.” Good luck with that! It’s like trying to herd cats, only the cats are made of code and are worth varying amounts of money. 💰

They already had their first roundtable on March 21, titled “How We Got Here and How We Get Out — Defining Security Status.” Deep stuff. Probably involved a lot of legal jargon and furrowed brows. 🤨

But wait, there’s more! The SEC is ALSO hosting a roundtable about AI’s role in the financial industry on March 27. Because why not throw another complicated topic into the mix? 🤖

Join us on March 27 for a roundtable discussion on artificial intelligence in the financial industry. Topics include the risks, benefits, and governance of AI.

More details:

— U.S. Securities and Exchange Commission (@SECGov) March 25, 2025

They’ll be discussing the risks, benefits, and governance of AI. Uyeda, Peirce, and Crenshaw will be there. It’s going to be a real party! 🎉 (Disclaimer: May not actually be a party.)

Apparently, under the new leadership, the SEC is mellowing out on crypto after Gary Gensler’s reign of terror. Or, you know, slightly less enthusiastic enforcement. Baby steps, people, baby steps. 🚶‍♀️

They’ve even dismissed some of those enforcement actions they launched under Gensler. Progress! Or maybe they just realized they couldn’t win those cases. 🤔

Uyeda is even thinking about scrapping a rule that would tighten crypto custody standards. And he’s asked SEC staff for options to ditch part of proposed changes that would regulate crypto firms as exchanges. Whoa, slow down there, tiger! 🐅 Crypto is now the official underdog that everyone loves.

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2025-03-26 08:49