SEC Hosts Second Roundtable on Cryptocurrency Regulation: Finding Middle Ground for Innovation

The cryptocurrency task force within the U.S. Securities and Exchange Commission (SEC) has conducted its second scheduled roundtable with industry representatives, titled “Between Block and Anvil: Tailoring Regulation for Cryptocurrency Trading,” as reported by The Block.

Participating in the meeting were Acting Chair Mark Uyeda, Chief of Staff of the task force Richard Gabbert, and Commissioners Hester Peirce and Caroline Crenshaw. The crypto industry was represented by figures such as Katherine Minarik from Uniswap Labs, Gregory Tusar from Coinbase, and Austin Reed from FalconX.

During the meeting, Uyeda suggested that the SEC should seek a temporary solution regarding the regulation of digital assets while the agency develops a long-term strategy.

“A time-limited conditional tax exemption system for both registered and unregistered entities could facilitate a more vigorous adoption of blockchain technology innovations in the U.S. in the near term,” remarked Uyeda.

The discussion participants also explored which specific aspects of the crypto industry fall under the SEC’s jurisdiction. Notably, Minarik pointed out that P2P transactions eliminate intermediary-related risks, and therefore should not be regulated by the SEC.

Previously, the Commission requested the court for a delay in proceedings against Binance and Ripple.