$BTC
The U.S. Securities and Exchange Commission (SEC) Crypto Task Force has held several roundtables in 2025 to discuss cryptocurrency regulation, focusing on integrating crypto assets into existing financial frameworks.
Fourth Roundtable (May 12, 2025) – Tokenization:Paul S. Atkins: Compared the shift of securities to blockchain (on-chain) to the music industry’s digital revolution (vinyl to MP3s). Advocated for regulatory changes to support on-chain securities, emphasizing clear rules for issuance, custody, and trading to foster innovation while protecting investors. Outlined a three-part strategy: streamline token issuance, adapt regulations for blockchain, and use existing SEC authority to set standards.Caroline A. Crenshaw: Criticized the approach as potentially favoring crypto over other assets, expressing skepticism about Wall Street’s need for blockchain and warning against weakening regulatory protections.The event explored tokenization’s role in bridging traditional finance (TradFi) and decentralized finance (DeFi), with participation from industry giants like BlackRock and Fidelity. No finalized policies emerged, but discussions suggested increasing regulatory openness.