On March 21, 2025, the U.S. Securities and Exchange Commission's (SEC) Crypto Task Force held its inaugural roundtable, "How We Got Here and How We Get Out – Defining Security Status," at the SEC headquarters in Washington, D.C. The event convened legal experts, industry leaders, and regulators to discuss the classification of crypto assets under federal securities laws. SEC Commissioner Hester Peirce emphasized the agency's commitment to collaborating with the crypto industry to establish a workable regulatory framework. Discussions addressed the application of the Howey test to digital assets, with participants debating whether existing securities laws are adequate or if new regulations tailored to the unique nature of cryptocurrencies are necessary. This roundtable marks a significant step toward regulatory clarity in the evolving crypto landscape.
