#CryptoRoundTableRemarks

On May 12, 2025, the SEC's cryptocurrency task force held an important roundtable discussion that marked a turning point in the agency's approach to digital currencies.

Vision of the Chair – Gary Gensler

Gary Gensler, Chair of the SEC, emphasized that it is time to shift from a punitive approach to establishing a clear and organized regulatory framework.

He pointed out the necessity of developing new laws for the registration, trading, and custody of digital assets, instead of relying on scattered interpretations from agency staff.

Commissioner Hester Peirce – "Innovation First"

Hester Peirce, known for her support of the industry, stressed the importance of "tokenization" and linked the evolution of blockchain to the early days of the internet.

She asserted that the agency must understand the technology well to avoid hindering the pace of innovation.