#CryptoRoundTableRemarks Key Remarks from SEC Crypto Task Force Roundtable (June 2025)

Chairman Paul Atkins:

Championed blockchain as a "revolutionary innovation" aligning with American values of economic liberty and private property rights .

Criticized prior regulatory "enforcement-by-litigation" for stifling participation, endorsing self-custody and miner/validator exemptions from securities laws .

- Proposed an "innovation exemption" to fast-track compliant on-chain products, supporting President Trump’s goal to make the U.S. the "crypto capital of the planet" .

Commissioner Caroline Crenshaw:

Highlighted unresolved challenges in DeFi, including investor protection and market transparency, urging deliberate rulemaking over rushed solutions .

Dissented against dismissing enforcement cases (e.g., Binance, Ripple), warning that deregulation risks undermining securities laws .

Divergent Views:

Pro-Innovation: Atkins and Commissioners Peirce/Uyeda advocated for modernized rules to integrate tokenized assets, citing efficiency gains .

Caution: Crenshaw emphasized scalability risks and regulatory neutrality, opposing rushed tokenization .

Outlook:

The task force aims to replace ad hoc enforcement with formal rulemaking, balancing innovation with investor safeguards through frameworks like MiCA-inspired standards.