#CryptoRoundTableRemarks

Welcome to the third roundtable of the SEC’s Crypto Task Force.

I am in my fourth day back at the Commission and thank my fellow Commissioners and the SEC staff for their warm welcome. I am eager to tackle long festering issues, such as regulatory treatment of digital assets and distributed ledger technologies

In addition, my warmest personal thanks go to Commissioner Peirce for her principled and tireless advocacy for common-sense crypto policy within the United States. It is no wonder that she has earned the title of “CryptoMom.” Commissioner Peirce is the right person to lead the effort to come up with a rational regulatory framework for crypto asset markets. Thank you to the panelists for volunteering their time and expertise.

This is important work as entrepreneurs across the United States are harnessing blockchain technology to modernize aspects of our financial system. I expect huge benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation. Market participants engaging with this technology deserve clear regulatory rules of the road. Innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered.

I look forward to engaging with market participants and working with colleagues in President Trump’s Administration and Congress to establish a rational, fit-for-purpose regulatory framework for crypto assets.