#SECCryptoRoundtable

The SEC's Crypto Roundtable begins work on regulatory capital overhaul

At the start of the process to create SEC crypto standards, there were signs that even a crypto skeptic was beginning to embrace the idea of an individualized regulatory framework.

Why it matters: The U.S. Securities and Exchange Commission has resisted calls for years to develop rules that align with the goals of the crypto industry. This is now changing.

What they are saying: Even if everyone agreed that all digital assets are securities (which they are not), it still leaves many questions, noted Collins Belton, managing partner at Brookwood P.C., during the first public roundtable of the Securities and Exchange Commission organized by the agency's crypto-focused group.

One of the crypto skeptics on the panel, Lee Reiners from Duke University, seemed to agree—at least in part. For example, he noted that digital assets require disclosure recommendations that make sense.

"I don’t think it’s controversial to assume that the information an investor would want in a crypto asset is just fundamentally different from the information that an investor, you know, would want for Apple stock," Reiners allowed.