#CryptoRoundTableRemarks The U.S. Securities and Exchange Commission (SEC) held an important meeting to discuss issues related to cryptocurrencies, particularly concerning custody and regulation. Here are the key highlights from the meeting ¹ ²:
- *Importance of Clear Regulation*: SEC Chair Gary Gensler emphasized the need for a clear regulatory framework for cryptocurrencies, noting that innovation in this area requires specific regulatory rules.
- *Right to Self-Custody*: Gensler underscored the significance of individuals' right to hold their cryptocurrencies themselves, considering this right a fundamental American value that should be supported.
- *Challenges of Cryptocurrency Custody*: The meeting discussed the challenges faced by companies in securely holding cryptocurrencies for their clients, including risks related to hacks and protocol failures.
- *Need for Cooperation*: Participants in the meeting called for the necessity of cooperation between regulators and companies to develop effective regulatory solutions that protect investors and promote innovation.
- *Regulatory Developments*: This meeting is part of the SEC's efforts to develop a regulatory framework for cryptocurrencies, focusing on investor protection and fostering innovation in this field. #CryptoRoundTableRemarks