Washington, DC – The personnel of the US Securities and Securities Commission. UU. He has taken the opportunity to finally work with the cryptographic industry to obtain a policy to supervise the transactions of digital assets, said Commissioner Hester Peirce, head of the agency’s cryptographic working group.
The Stock Regulator is ready to “sincerely find a viable frame,” Peirce said at the first round table focused on cryptocurrencies of the agency on Friday. “I think we are ready for spring,” he said, referring to the title of the day event, the “sprinkle sprint towards cryptographic clarity.”
The task, according to Peirce: “Can we translate the characteristics of security into a simple taxonomy that will cover the different types of encryption assets that exist today and may exist in the future?”
Mark Uyeda, an interim president of the agency, told journalists that, despite the recent statements of the SEC policy that certain areas of the cryptographic sector are not subject to the laws of values (memecoras and mining, until now, it is a “definitely possibility” that others are defined as values.
“We are moving on several clues here,” he said in response to a Coindesk question. Each statement issued so far “is ultimately a statement of the personnel” that has no legal support, but said that the round table represents the entire commission, currently three members, observing how a “interpretation of the potential commission could be.”
In his opening comments in the event, Uyeda, who was appointed by President Donald Trump while the SEC expects a confirmation of Paul Atkins’ Senate, argued that the agency should have been more arranged in recent years to make such interpretations public.
“When judicial opinions have created uncertainty of our participants in the past, the commission and their staff have intervened to provide guidance,” said Uyeda. “This approach to use the common regulations to explain the process or liberations of the Commission instead of compliance actions, should have been considered to classify cryptography assets according to federal security laws.”
Discussion panel
The discussion of the panel saw a dozen values lawyers in the cryptographic sector evaluate the specific problems they saw by advising companies.
“What is the most important question you face when trying to fight with this question?”, Moderator Troy Paredes, a former sec commissioner who now directs the firm of consulting Paredes Strategies, asked Sarah Brennan, the general advisor of Delphi Ventures and one of the 11 panelists.
“The spectrum of the application of securities laws has moved projects in the initial stage in the market to take a very similar arc [initial public offerings]where they remain private for longer, “she replied.
“These assets in the traditional model are designed to have a broad and broad early distribution and most of the market are covering that in the application of securities laws, so it ends up looking a lot like their traditional markets where people will go to an exchanges list without that wide dissemination or price support or actually launch technology.”
The panel presented critics of the industry along with lawyers who have worked to develop the sector.
“Whether you are talking about performance farms or ostrich farms or orange forests, the entire objective of the regulation of securities was to wrap that in a very large and wide regulation based on principles,” said the former SEC lawyer, John Reed Stark. His concern is that, even in 2025, much of the market lacks utility.
“If everything disappeared tomorrow and you weren’t speculating in him, I wouldn’t mind,” he said.
Legislator issues
Before the round table, Senator Elizabeth Warren and representative Jake Auchincloss, both Massachusetts Democrats, wrote an open letter to Uyeda asking about the Declaration of the SEC personnel about Memecoins and how she developed.
The letter asked if someone in the SEC communicated with the White House about the statement, if the Cryptographic Working Group of the White House had addressed the SEC to do anything and why the staff statement was not integrated into the formal regulations.
Warren and Auchincloss also asked the SEC to explain how to specifically define the memecoras as different from the “general cryptocurrency”, how would it distinguish between real memecules and memecors that do not comply with the statement of the personnel and what memecoras analyzed the SEC in the drafting of their statement of the staff.
