#CryptoRoundTableRemarks

Based on the search results, here are the key remarks and developments from recent U.S. regulatory crypto roundtables:

### 🗣️ 1. **SEC Chairman Paul Atkins' Key Priorities**

- **Critique of Past Regulation:** Argued that previous administration policies "discouraged Americans" from crypto participation through aggressive lawsuits and enforcement actions .

- **Pro-Innovation Stance:** Called for modernizing "century-old regulatory frameworks" to avoid stifling blockchain innovation. Proposed an **"innovation exemption"** to expedite compliant crypto products .

- **Formal Rulemaking Urged:** Stressed that staff guidance (e.g., exempting mining/staking from securities laws) lacks legal force and requires formal SEC rulemaking .

### ⚖️ 2. **Commissioner Caroline Crenshaw's Caution**

- **Complexity Acknowledged:** Emphasized that crypto issues lack "easy solutions" and require thorough rulemaking with public input .

- **Tokenization Skepticism:** Questioned whether tokenization refers to digital asset representation or entirely new trading systems, urging clarity to prevent misuse .

- **Investor Protection Focus:** Reiterated that SEC policies must prioritize retail safeguards over technological trends .

### 💼 3. **Debates on Crypto Custody**

- **Industry Challenges:** Executives from Fidelity, Kraken, and BitGo cited regulatory ambiguities in safeguarding digital assets, especially regarding **self-custody** (e.g., private wallets) vs. **third-party custody** .

- **Commissioner Peirce's View:** Advocated for flexibility, stating, "For some crypto assets, self-custody might be the safer option" .

- **Rule Revisions Pending:** SEC is reevaluating custody rules proposed under prior leadership deemed "unworkable" for blockchain assets .

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