The US Securities and Exchange Commission (SEC) is set to host a roundtable later this month to discuss the regulatory classification of digital assets.
The event follows the agency’s recent announcement of its Crypto Task Force’s leadership team. It includes a mix of seasoned SEC officials and a former crypto lawyer from a prominent law firm.
In a 3 March 2025 press release, the SEC outlined its plans for a series of roundtable discussions under the banner “Spring Sprint Toward Crypto Clarity.”
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SEC Will Kick Off Crypto Roundtable On 21 March 2025
The first session, scheduled for March 21 at the SEC’s Washington DC headquarters, will focus on “How We Got Here and How We Get Out — Defining Security Status.”
Crypto Task Force lead Commissioner Hester Peirce expressed optimism about the initiative. “I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto,” said Peirce.
The SEC’s acting chair, Mark Uyeda, established the Crypto Task Force in late January. It was meant to refine the agency’s approach to digital asset regulation. Uyeda’s initiative aligns with President Donald Trump’s commitment to easing regulatory pressure on the crypto industry.
Since its formation, the agency has dropped multiple enforcement actions against crypto firms. This includes lawsuit against Kraken, which was abandoned on recently.
Alongside the roundtable announcement, the SEC also disclosed the 14-member line-up of its Crypto Task Force. Among the key figures is Michael Selig, named as the task force’s chief counsel.
Selig, formerly a partner at Willkie Farr & Gallagher, advised clients on cryptocurrency, NFTs, and stablecoins before joining the SEC. His now-deleted profile from the firm’s website noted that he had represented companies facing regulatory scrutiny from both the SEC and the Commodity Futures Trading Commission (CFTC).
Chris Giancarlo, the former CFTC chair and senior counsel at Willkie—known in the crypto community as “Crypto Dad”—praised Selig’s appointment in a March 3 post on X, stating he was “proud and excited for my protégé.”
Proud and excited for my protégé, former @CFTC intern and @Willkie partner, @MikeSeligEsq to be named chief counsel to the new @SECGov #Crypto #Taskforce. @HesterPeirce @DavidSacks #DigitalAssets #FinancialServices #Regulations https://t.co/BZx9IEI1xe
— Chris Giancarlo (@giancarloMKTS) March 3, 2025
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Sumeera Younis: New Operations Chief Of SEC Crypto Task Force
Other notable additions to the task force include Sumeera Younis, former policy counsel to Commissioner Peirce. She will serve as operations chief.
Richard Gabbert, Peirce’s former counsel, is named chief of staff. Meanwhile Landon Zinda, previously the policy director at Coin Center, will take on a senior advisory role. Additionally, Taylor Asher, a former policy adviser to Uyeda, has been appointed the group’s chief policy adviser.
Peirce emphasized the collective expertise of the task force, stating, “This team exhibits deep expertise and an enthusiastic commitment to identifying workable solutions to difficult crypto regulatory problems.”
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Key Takeaways
- The SEC will host a crypto roundtable on March 21 to discuss digital asset regulation.
- The agency has dropped multiple enforcement actions and formed a new Crypto Task Force.
- The task force includes key figures like Michael Selig and Sumeera Younis, aiming to refine crypto oversight.
The post SEC Crypto Task Force To Hold Roundtable On Digital Asset Security Status appeared first on 99Bitcoins.
