The roundtables organized by the United States Securities and Exchange Commission (SEC) in 2025 represent a significant effort by the regulator to thoroughly understand and establish a clearer regulatory framework for the digital asset sector.

Under the direction of the newly appointed SEC chairman, Paul Atkins, these public meetings, led by the Crypto Assets Task Force, aim to foster an open dialogue among industry experts, academics, and the regulator itself.

The initiative "Spring Sprint Toward Crypto Clarity" has scheduled a series of roundtables to address critical issues. To date, discussions have taken place regarding the definition of the security status of crypto assets, the adaptation of traditional trading regulations to the crypto market, and the key challenges and considerations for the custody of digital assets.

The most recent roundtable, held on May 12, 2025, focused on the tokenization of assets, exploring the convergence between traditional finance (TradFi) and decentralized finance (DeFi).

These discussions have highlighted the complexity of applying an existing regulatory framework, designed for traditional securities, to the unique and rapidly evolving nature of crypto assets. Topics such as the need for clear custody definitions in the context of blockchain technology and the viability of existing regulatory models, like the "special purpose broker" regime, for cryptocurrency market participants have been explored.

The SEC's current approach, under the new administration, seems to lean towards greater collaboration and the pursuit of "tailored" regulatory solutions for the crypto sector, as opposed to a purely enforcement-based approach to pre-existing regulations.