Employees of the Washington DC -US Securities and Exchange Commission have finally embraced an opportunity to cooperate with the encryption industry to have a policy to supervise digital asset transactions, said CRYPTO Task Force, head of the agency.
PEIRCE said at the first encryption -centered roundtable of the institution on Friday, “We are ready to find seriously to find executable frameworks.” “I think we are ready in spring.
According to Peirce, “Can we translate the characteristics of security into a simple classification that deals with various types of encryption assets that exist today and in the future?”
Mark Uyeda, the acting chairman of the agency, told reporters that despite the recent SEC policy statements, the specific area of the encryption sector is not subject to the Memecoins and Mining.
“We are using several tracks here,” he said in response to COINDESK’s questions. Each statement that has been published so far is said to be “ultimately no legal sponsorship,” but the roundtable meeting represents the entire committee (currently three members), who are looking at how the potential commission interpretation will look.
In this event, Uyeda, appointed by President Donald Trump, waiting for the Senate’s confirmation, insisted that he had to be willing to be willing to reveal the recent interpretation in recent years.
Uyeda said, “When the judicial opinion caused uncertainty from our participants in the past, the committee and its employees stepped up to provide a map.” “This approach, which uses a common rules to explain the procedure or release of the committee rather than execution measures, must be considered to classify encryption assets in accordance with the Federal Security Law.”
Panel discussion
According to the panel discussion, 12 securities lawyers in the encryption sector weighed on this particular issue when advising the company.
Former SEC commissioner Troy Parsnes, a former SEC commissioner who currently runs a consulting firm, has asked one of the 11 panelists of Delphi Ventures.
“The ghost of the Securities Act has moved the initial stage project from the market in the market.
“These assets of traditional models are designed to have a wide range of initial distribution, and most markets appear very similar to the traditional markets that Marshalls, where people are on the way to the exchange list without a wide range of distribution or price support, according to the application of the Securities Law.”
The panel introduced a critic of the industry with a lawyer who tried to develop this sector.
Former SEC lawyer John Lead Stark said, “In terms of yield farms, ostrich farms, or orange forests, the points of securities regulations have been packed with a wide range of principles, and in 2025, most of the market lacks utility.
“If everything is gone tomorrow and you haven’t guessed it, you won’t care,” he said.
Legislator
Ahead of the round table, Senator Elizabeth Warren and Jake AuchinCloss, the cause of the Democratic Party, wrote a public letter to Ueda’s statement about Memecoins and how it developed.
The letter asked whether everyone in the SEC communicated with the White House whether the White House’s cryptocurrency group instructed the SEC to do anything and why the employee statement was not built into the official rules.
Warren and Auchincloss also asked the SEC to explain how to define Memecoins with “General Cryptocurrency”, how to distinguish between real memo coins and memo coins that do not meet employee statements, and how to analyze the staff statement.
Next NFTS?
Peirce told reporters that the following possibilities for other institutional encryption policy statements (according to recent statements about Memecoins and Mining) could be a flashing token. She said NFT could probably benefit from clarity of the institution’s thinking.
“I will know that we can do it in NFTS,” she told reporters about the side of the password round table in Friday. “We could do so long ago.”
When Coindesk asked whether it was a way to approach the institution’s policy signal, she said that it was a reaction that the institution recovered to talk about it in recent years.
“There is a clear role in the decision of notification and summary rules, but I don’t think when I just say,” This is the way we look at the law. ” “You do not need it.”
She also reported that federal budget slashes will cut hundreds of SEC employees.
“It’s always sad when you lose someone with a lot of experience, but people have come back and forth from the SEC,” she said. “Because they retire, we must have a deep bench.”
Update (March 21, 2025, 20:12 UTC): Add the opinion of the hester peirce.