#CryptoRoundTableRemarks The SEC’s Crypto Task Force Roundtable on May 12, 2025, focused on tokenization—migrating traditional securities to blockchain—with remarks from Chair Paul Atkins and Commissioners highlighting divergent views on regulation and innovation .

Chair Atkins’ Vision

- Pro-Innovation Stance: Atkins compared tokenization to the digital music revolution, advocating for "fit-for-purpose" rules to avoid stifling blockchain’s potential .

- Three Priorities:

1. Issuance: Simplify crypto securities registration, adapting outdated forms like S-1 .

2. Custody: Expand "qualified custodian" definitions to include self-custody solutions .

3. Trading: Allow "super apps" to trade both securities and non-securities (e.g., crypto pairs) .

- Ending "Regulation by Enforcement": Pledged to replace ad hoc enforcement with clear rulemaking .

Commissioners’ Perspectives

- Hester Peirce (Pro-Crypto): Emphasized tokenization’s benefits (e.g., instant settlement, liquidity) but called for legal clarity .

- Caroline Crenshaw (Skeptical): Questioned scalability and risks of disrupting TradFi’s settlement cycles .