#CryptoRoundTableRemarks The US Securities and Exchange Commission (SEC) has been hosting Crypto Task Force Roundtables to discuss regulatory frameworks for crypto assets. Key remarks from these discussions include ¹ ² ³:

- *Tokenization and Regulatory Framework*: The SEC is exploring ways to accommodate on-chain securities and crypto assets within the existing regulatory framework. This includes developing clear guidelines for issuance, custody, and trading of crypto assets.

- *Clear Rules for Issuance*: The SEC aims to establish sensible guidelines for crypto asset distributions that are securities or subject to investment contracts. This would help address challenges faced by issuers in satisfying disclosure requirements.

- *Custody and Self-Custody*: The SEC is considering updates to custody rules to allow advisers and funds to engage in self-custody under certain circumstances. This would provide more flexibility for market participants.

- *Trading and Market Structure*: Discussions are ongoing about creating a more efficient regulatory framework for crypto asset trading. This includes exploring ways to modernize the Alternative Trading System (ATS) regulatory regime and enabling the listing and trading of crypto assets on national securities exchanges.

- *Conditional Exemptive Relief*: The SEC is considering providing conditional exemptive relief to allow for greater innovation with blockchain technology within the United States.

- *Investor Protection*: A key focus is on ensuring investor protection and maintaining market integrity. This includes addressing risks associated with crypto trading platforms and ensuring that investors are aware of the potential risks and benefits.

Some of the specific challenges being discussed include

- *Regulatory Uncertainty*: Market participants are seeking clarity on regulatory requirements for crypto assets.

- *Compliance with Existing Rules*: Crypto trading platforms face challenges in complying with existing rules, such as the order protection rule.