SEC Crypto Task Force Roundtable (May 12, 2025):
The latest SEC roundtable focused on "Tokenization – Moving Assets Onchain: Where TradFi and DeFi Meet." The session explored how blockchain-based tokenization is transforming capital markets and asset management, with participation from both traditional finance (TradFi) giants and crypto-native firms.
SEC Chairman Paul Atkins delivered a keynote emphasizing three regulatory priorities: issuance, custody, and trading. He argued that legacy securities rules may not fit on-chain assets and could stifle blockchain innovation, stating,
“Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology”.
Commissioner Hester Peirce expressed enthusiasm for regulatory clarity, while Commissioner Caroline Crenshaw remained skeptical, highlighting the diversity of views within the SEC.
The roundtable underscored the need for clear, tailored regulation to unlock the potential of tokenized assets and bridge the gap between TradFi and DeFi.
Broader Context:
The SEC plans more roundtables on crypto trading, custody, and DeFi, aiming to draw clear regulatory lines and provide realistic registration paths for crypto firms.
Industry participants and regulators agree that regulatory clarity is crucial for integrating tokenized assets into global capital markets.