#CryptoRoundTableRemarks

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

Chairman of the SEC – Gary Gensler

Gary Gensler, the Chairman of the SEC, stated that the time has come to move from a punitive approach to creating 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 sporadic interpretations from agency staff.

Commissioner Hester Peirce – "Innovation First"

Hester Peirce, known for her support of the industry, emphasized the importance of "tokenization" and drew connections between the evolution of blockchain and the early days of the internet.

She affirmed that the agency must understand the technology well to avoid slowing down the pace of innovation.