#CryptoRoundTableRemarks The recent crypto roundtable discussion at the SEC focused on the challenges of safely custodying crypto assets for customers while complying with federal securities laws. Key remarks from the discussion include ¹ ²:

- *SEC Chairman Paul Atkins' Remarks:*

- Emphasized the importance of blockchain technology for innovation, transparency, risk management, and cost efficiency.

- Expressed eagerness to work with pro-crypto personalities and establish a rational regulatory framework for crypto assets.

- Highlighted the need for clear regulatory rules to support market innovation.

- *Commissioner Hester Peirce's Remarks:*

- Compared the current regulatory environment to a game where "the floor is lava," emphasizing the need for clarity and updated rules.

- Argued that current rules often don't fit the reality of crypto markets, particularly around self-custody and smart contracts.

- Urged the SEC to update and clarify crypto-specific rules to support innovation while ensuring investor protection.

- *Commissioner Caroline Crenshaw's Remarks:*

- Emphasized the necessity of robust custody rules for crypto assets due to unique risks like hacks and smart contract bugs.

- Expressed concerns about investment advisers keeping crypto assets in their possession, citing operational and safety risks.

- Called for cooperation with other regulators and more transparent disclosures to investors.

The roundtable discussion reflects the ongoing efforts to establish a regulatory framework for crypto assets that balances innovation with investor protection. The outcome of these discussions may impact the future of crypto regulation in the US.

Some potential outcomes include ³ ⁴:

- *Clearer Regulations:* Establishing a rational regulatory framework for crypto assets could provide clarity and support market innovation.

- *Increased Flexibility:* The SEC may consider changing its views on self-custody, recognizing it as a "foundational American value.