The SEC plans to host a new set of crypto roundtables as the Commission looks to create a regulatory-friendly environment for the industry. This development comes just a day after the Chair, Paul Atkins, launched the Project Crypto initiative.
SEC To Host Roundtables Across The U.S. Amid Project Crypto
In a press release, the Commission announced that the Crypto Task Force will host a series of Roundtables across the U.S. The agency aims to provide opportunities for additional stakeholders to meet with Commissioner Hester Peirce, who is heading the Task Force.
This announcement comes just a day after the SEC launched “Project Crypto,” which touched on several salient issues in the crypto industry, including the classification of crypto assets and registration of crypto products. The Commission also aims to move U.S. financial markets on-chain.
Meanwhile, commenting on the upcoming SEC crypto roundtables, Commissioner Peirce said that they want to hear from people who were not able to travel for the roundtables that took place this past spring in Washington, D.C., and may not have had a voice in past policymaking efforts.
The Commissioner added that the Crypto Task Force is aware that any regulatory framework will have far-reaching effects. As such, they want to ensure that their outreach is as comprehensive as possible.
Plans For The On-The-Road Roundtables
The release stated that Commissioner Peirce and members of the Task Force will be visiting cities across the U.S. in the coming months. The Task Force is particularly interested in holding this Crypto Roundtable with representatives of crypto-related projects that have 10 or fewer employees and are less than two years old.
It is worth noting that the earlier SEC Crypto Roundtables mainly involved major crypto firms and Wall Street giants like BlackRock and Fidelity. The Commission held five roundtables in total, and the last one bordered on crypto custody and DeFi activities.
The on-the-road roundtables will hold between August 4 and December 5 and cut across 10 cities. The first will be on August 4 at Berkeley. The next will be in Boston on August 19, followed by another in Dallas on September 4.
Furthermore, there will be two more SEC Crypto Roundtables in September in Chicago on the 15th and New York City on the 25th. Commissioner Peirce and the Task Force will then hold three roundtables in October in Irvine on the 3rd, Cleveland on the 24th, and Scottsdale on the 29th. The last two roundtables will be held on November 12 and December 5 in New York City and Ann Arbor, respectively.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.
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