#SECCryptoRoundtable The United States Securities and Exchange Commission (SEC) held its inaugural roundtable hosted by their Crypto Task Force, titled "How We Got Here and How We Get Out – Defining Security Status". This event marks a significant step in the SEC's efforts to clarify the legal status of crypto assets under federal securities law.

This roundtable was led by Commissioner Hester Peirce, who emphasized the importance of finding an applicable framework for the crypto industry. She stated that the SEC is ready to "earnestly seek to find an applicable framework" and highlighted the challenges of classifying various types of crypto assets. ​

The discussion also included critical views from former Director of the SEC's Internet Enforcement Office, John Reed Stark, who opposed regulatory reform and emphasized that current securities laws already encompass digital assets.

This roundtable took place amid the Trump administration's plans to reform crypto-related regulations, including the establishment of a strategic government reserve for Bitcoin. Additionally, the SEC has withdrawn several cases against crypto companies, such as Ripple Labs, which caused an increase in XRP prices by over 8%.

These actions indicate a shift in the SEC's approach to regulating digital assets, moving from litigation to the creation of clearer and more collaborative rules. Although this process is expected to take a long time, it reflects efforts to create a regulatory framework that better aligns with the unique characteristics of the crypto industry.