#CryptoRoundTableRemarks

In the roundtable debate of the Cryptocurrency Working Group on May 12, SEC Chairman Paul Atkins outlined a significant shift in how the U.S. will regulate cryptocurrencies—moving away from enforcement-first actions and towards a clear, rational rule-based framework.

• Issuance: New guidelines for compliant token launches and what counts as a security

• Custody: More flexibility on who can qualify as a custodian under federal law

• Trading: Support for 'super applications' of broker-dealers and modernization of ATS rules