SEC held its second roundtable on cryptocurrency regulation

The SEC's cryptocurrency task force held its second scheduled roundtable with industry representatives titled 'Between a Block and an Anvil: Adapting Regulation for Cryptocurrency Trading,' reports The Block.

The discussion included acting Commission Chairman Mark Weda, Chief of Staff of the Task Force Richard Gabbert, as well as Commission members Hester Peirce and Caroline Crenshaw. The crypto industry was represented by Catherine Minarik from Uniswap Labs, Gregory Tusar from Coinbase, Austin Reed from FalxonX, and others.

During the meeting, Weda expressed the view that the SEC needs to find a middle ground on the regulation of digital assets while the agency develops a long-term approach. Discussion participants also debated which specific elements of the crypto industry fall under the Commission's jurisdiction. In particular, Minarik noted that P2P transactions eliminate risks associated with intermediaries and therefore should not be regulated by the SEC.