#CryptoRoundTableRemarks The Crypto Roundtable remarks refer to a series of discussions held by the Securities and Exchange Commission (SEC) to explore regulatory frameworks for crypto assets. Key points from these discussions include ¹ ² ³:

- *Tokenization*: The SEC is considering regulatory changes to accommodate on-chain securities, which could remodel aspects of the securities market. Tokenization can enhance capital formation by transforming illiquid assets into liquid investment opportunities.

- *Regulatory Framework*: The SEC aims to establish clear rules for crypto asset markets, focusing on issuance, custody, and trading. This includes developing guidelines for distributions of crypto assets that are securities or subject to investment contracts.

- *Custody*: The SEC is exploring options for registrants to custody crypto assets safely, including potential updates to custody rules under the Exchange Act, Advisers Act, or Investment Company Act.

- *Trading*: Discussions also cover crypto trading platforms, including their registration, operation, and compliance with federal securities laws. The SEC is examining ways to modernize the Alternative Trading System (ATS) regulatory regime to accommodate crypto assets.

- *Investor Protection*: A key concern is protecting investors from risks associated with crypto assets, including ensuring transparency, minimizing conflicts of interest, and providing clear guidelines for market participants.

These discussions reflect the SEC's efforts to balance innovation in the crypto space with investor protection and market integrity.