The meeting will include the participation of regulators, privacy researchers, and market participants. The panel will focus on how cryptocurrency companies collect data and how federal oversight should protect users.
The SEC confirmed that the event will take place from 1:00 PM to 5:00 PM at its headquarters in Washington. The debate will also be streamed online for the public. This provides both industry leaders and regular users the opportunity to hear how regulators analyze emerging issues.
The agenda includes discussions on data monitoring tools, customer protection, and the risks of excessive surveillance. The SEC indicated at the roundtable that privacy standards would also be reconsidered as blockchain activity grows.
The SEC roundtable is taking place at a time when cryptocurrency companies are facing increased scrutiny over the management of their users' data. The growing pressure on regulatory measures is reflected in the recent calls from major players in traditional finance, such as Citadel, to intensify oversight of DeFi protocols.
Most exchange transactions apply a sophisticated tracking system to identify fraud or illicit use. However, critics have pointed out that some of these tools collect much more information than necessary.
The agency stated that the session would help define the future direction and signal areas where new guidelines may be needed. Officials further indicated that the goal is not to stifle innovation but to promote safer market practices.
The agency will also allow public comments during the Cryptocurrency Privacy Roundtable. This will help the agency address concerns raised in previous discussions.
Regulators are striving to establish unified standards. This explains why the CFTC will align with the SEC to provide clarity on cryptocurrency regulations.
The Working Group emphasized that financial oversight is becoming crucial in global cryptocurrency policies. Many countries are considering implementing stricter information requirements for digital asset transactions.
