#CryptoRoundTableRemarks CryptoRoundTableRemarks: A Turning Point in U.S. Crypto Regulation

On March 21, 2025, the U.S. Securities and Exchange Commission (SEC) convened its inaugural Crypto Roundtable, marking a significant step toward establishing a clear regulatory framework for digital assets. The event, titled "How We Got Here and How We Get Out – Defining Security Status," brought together SEC officials, legal experts, industry leaders, and academics to address the complexities of applying existing securities laws to cryptocurrencies.

Acting SEC Chairman Mark T. Uyeda opened the session by emphasizing the challenges of applying the 1946 Howey Test to modern crypto assets. He advocated for clear guidance through formal rulemaking rather than relying solely on enforcement actions. Commissioner Hester M. Peirce highlighted the need for a nuanced approach that considers the decentralized nature of certain crypto projects, while Commissioner Caroline A. Crenshaw stressed the importance of investor protection and market integrity.