#CryptoRoundTableRemarks

The US is likely to get the draft of its crypto laws ready by August this year. In order to finalise these regulations, the US SEC's Crypto Task Force is meeting with industry stakeholders to voice important concerns related to the management of the crypto sector. This week, the roundtable discussion focussed on tokenisation of real-world assets (RWAs). Paul Atkins, the chairperson of the Crypto Task Force, addressed the roundtable where he acknowledged that securities were rapidly migrating from off-chain databases to on-chain ledger networks, indicating the adoption of Web3 technologies.

Atkins, as part of his keynote address, said that the crypto rules would comprehensively cover the guidelines and restrictions around the issuance, custody, and trading of digital assets. These assets would include cryptocurrencies as well as tokenised RWAs among others.

The "Evolution of Finance: Capital Markets" was the main topic for this fresh roundtable session. Representatives from asset management firms like Fidelity, BlackRock, and Apollo Management joined the discussions with SEC officials including Atkins, Commissioner Hester M. Peirce, and Commissioner Mark T. Uyeda among other.s.