Washington, DC – SECURITIES AND EXCHANGE SUCHERCHALS PROCEST OF THE United States has adopted the possibility of finally working with the cryptography industry to chop policy to supervise digital asset transactions, said Commissioner Hester Peirce, head of the agency’s crypto working group.
The securities regulator is ready “to seriously seek to find an feasible framework,” said Peirce during the first round table focused on the agency crypto on Friday. “I think we are ready for the coming spring,” she said, referring to the event of the day, the “sprint sprint towards the clarity of cryptography.”
The task, according to Peirce: “Can we translate the characteristics of a security in a simple taxonomy which will cover the many different types of cryptographic assets that exist today and can exist in the future?”
Mark Uyeda, the agency’s acting president, told journalists that, despite the recent dry policy declarations, certain areas of the cryptographic sector are not subject to securities laws – same and mines, so far – it is a “definitive possibility” that others will be defined as titles.
“We are going to several tracks here,” he said in response to a question from Coindesk. Each declaration published so far “is ultimately a declaration of staff” which has no legal support, but he declared that the round table represents the entire commission – currently three members – by examining what a “potential commission interpretation” could look like.
In his opening remarks during the event, Uyeda, who was appointed by President Donald Trump while the SEC is a confirmation from the Senate of Paul Atkins, argued that the agency should have been more disposed in recent years to make public interpretations.
“When judicial opinions have created the uncertainty of our participants in the past, the Commission and its staff have intervened to provide advice,” said Uyeda. “This approach to the use of the development of common rules to explain the process or versions of the Commission rather than for application measures, should have been considered to classify cryptographic assets under federal security laws.”
Round discussion
The round table has seen a dozen lawyers of securities in the cryptography sector weigh on the specific issues they have seen when they advised companies.
“What is the biggest question you face by trying to fight with this question?” “The Moderator Troy Paredes, a former SEC commissioner who now directs the Paredes Strategies consulting cabinet, asked Sarah Brennan, the Advocate General of Delphi Ventures and one of the 11 panelists.
“The spectrum of the application of the laws on values [initial public offerings]Where they remain private longer, “she replied.
“These assets in the traditional model are designed to have a wide wide wide distribution and most of the market hides that, on the application of securities laws, it therefore ends up resembling your traditional markets where people head for an exchange list without this large dissemination or a price support or really the fully launch of technology.”
The panel presented criticism from the industry alongside the lawyers who worked to develop the sector.
“Whether you are talking about yield farms or ostrich farms or orange groves, the interest in the securities regulations was to conclude everything in very large regulation and based on principles,” said the former dry lawyer John Reed Stark. Its concern is that, even in 2025, a large part of the market lacks utility.
“If everything disappeared tomorrow and you were not speculating them, you don’t care,” he said.
Legislator issues
Before the round table, senator Elizabeth Warren and representative Jake Auchincloss, both Democrats du Massachusetts, wrote an open letter to Uyeda to wonder about the Decipation of SEC staff on even and how it was developed.
The letter asked if someone in the SEC communicated with the White House about the declaration, if the working group on the cryptography of the White House had ordered the dry to do anything and why the staff press release was not integrated into formal regulations.
Warren and Auchincloss also asked the dry to explain how it would specifically define the same as distinct from the “general cryptocurrency”, how it would be distinguished between the same and the same same people who do not respond to the press release and what mecoins the dry analyzed in the drafting of its declaration of personnel.
