Crypto Round Table Remarks
1. Diverse Perspectives & Regulatory Focus
At the final Crypto Task Force roundtable, SEC Commissioner Caroline Crenshaw emphasized that crypto is not monolithic—voices ranged from fully decentralized DeFi proponents to traditional firms seeking tailored SEC oversight axios.
Crenshaw warned against rushing to simplistic solutions, urging a slow, rulemaking process with public input.
The roundtable spotlighted critical issues: registration, jurisdiction, transparency, investor protection, and technological differences sec.
2. DeFi Discussion: “DeFi and the American Spirit”
A recent session tackled the regulatory treatment for smart contracts and DeFi, with key takeaways including:
SEC Chair Paul Atkins: “Engineers shouldn’t be held liable for how others use their code.”
Commissioner Hester Peirce: affirmed that “Code is protected speech under the First Amendment.”
Erik Voorhees: highlighted that smart contracts offer a step‑function improvement over human regulators.
Panelists emphasized that decentralization doesn’t equal lawlessness—it offers transparency, predictability, and community-driven governance.
3. Tokenization: Bridging TradFi & DeFi
Earlier rounds focused on tokenization, exploring how to move traditional assets on-chain:
Commissioner Uyeda advocated for regulatory clarity so market participants know how to comply youtube.
Crenshaw questioned blanket assumptions about tokenization—pointing out that not all securities need full on-chain integration, and T+0 settlement models may remove essential safeguards.
Commissioner Peirce remained optimistic, calling tokenization a natural step for internet-era adoption
Helps differentiate responsibilities between DeFi protocol developers and centralized platforms.
Pushes for First Amendment protections around code, potentially influencing enforcement actions.
Lays groundwork for the future of tokenization, custody solutions, and trading standards.