#CryptoRoundTableRemarks

* The fourth round table, held on May 12, 2025, focused on tokenization, particularly on the topic "Moving Assets On-Chain: Where TradFi and DeFi Meet".

* SEC Chair Gary Gensler delivered the keynote address at the round table on tokenization, emphasizing the potential of on-chain securities and the need to adapt SEC rules to foster innovation while simultaneously protecting investors. He identified issuance, custody, and trading as key areas of regulatory focus.

* Commissioner Caroline A. Crenshaw expressed concerns about the large-scale restructuring of the financial system on blockchain, questioning whether it addresses specific existing dysfunctions and whether it is appropriately covered by the current level of participation in the crypto market.

* The aim of the round tables is to facilitate the creation of a "rational, targeted regulatory framework" for digital assets.