Key Takeaways:
- The SEC will host its third crypto-focused roundtable of 2025, titled “Know Your Custodian: Key Considerations for Crypto Custody,” on April 25 at its Washington D.C. headquarters, with a focus on the complexities of cryptocurrency custody.
- Panelists include top legal and strategy executives from leading crypto firms like Fireblocks, Fidelity Digital Assets, Etana Custody, and 1kx, highlighting the SEC’s effort to involve industry voices in shaping regulatory frameworks.
- Led by Commissioner Hester Peirce, the newly formed Crypto Task Force aims to move away from the SEC’s previous regulation-by-enforcement model, seeking instead to establish clear guidelines and practical pathways for crypto regulation..
The United States Securities and Exchange Commission (SEC) has set its third crypto roundtable this year for April 25, a press release on the federal regulator’s website shows.
SEC’s Crypto Task Force Sets Roundtable Date
Titled “Know Your Custodian: Key Considerations for Crypto Custody,” the roundtable will be held at SEC headquarters in Washington D.C. from 1 – 5 p.m. and widely cover custody arrangements for cryptocurrencies.
Panelists at the event Fireblocks’ Chief Legal & Compliance Officer JZFidelity Digital Assets’ Head of Product Strategy Terrence Dempsey, Etana Custody Inc. CEO Brandon Russell, and 1kx General Counsel Larry Florio, among others.
“It is important for the SEC to grapple with custody issues, which are some of the most challenging as we seek to integrate crypto assets into our regulatory structure,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “We look forward to hearing from experts on these important issues.”
Crypto Regulatory Framework Discussions Emerge
Launched under SEC Acting Chair Mark T. Uyeda this past January, the Crypto Task Force’s mission is to “draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously” for the blockchain sector.
Commissioner Hester Peirce serves as the task force’s leader, while Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, are the agency-wide effort’s Chief of Staff and Chief Policy Advisor.
The creation of the task force stands in stark contrast to the regulating body’s prior regulation-by-enforcement approach to the digital asset industry under previous Chair Gary Gensler.
U.S. President Donald Trump campaigned largely on enacting crypto-friendly regulations upon his return to the Oval Office, prompting a surge of momentum throughout the crypto community.
However, it remains to be seen what regulatory ideas will emerge from the SEC’s roundtables.
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