Newly-confirmed United States Securities and Exchange Commission (SEC) Chair Paul Atkins is slated to speak at the agency’s upcoming crypto roundtable on Friday, the organization announced on April 23.
New SEC Chair To Give Opening Remarks At Roundtable
Titled “Know Your Custodian: Key Considerations for Crypto Custody,” the federal regulator is set to kick-off the roundtable with opening remarks from Atkins, Crypto Task Force Chief of Staff Richard Gabbert, and Commissioners Hester Peirce, Mark Uyeda, and Caroline Crenshaw.
Friday’s roundtable marks the third in a series launched by the SEC’s newly-established Crypto Task Force which seeks to develop a “comprehensive and clear regulatory framework for crypto” by collaborating with the public “to set the SEC on a sensible regulatory path.”
The event will be held at SEC headquarters in D.C. from 1-5 p.m. and will feature Etana Custody Inc. CEO Brandon Russell, 1kx General Counsel Larry Florio, and others
“It is important for the SEC to grapple with custody issues, which are some of the most challenging as we seek to integrate crypto assets into our regulatory structure,” said Peirce, leader of the Crypto Task Force. “We look forward to hearing from experts on these important issues.”
SEC Shifts Crypto Regulatory Course
The latest SEC task force stands in opposition to the agency’s previous regulation-by-enforcement approach toward the digital asset sector under former head Gary Gensler.
However, the regulator has pulled back on its enforcement strategy in recent months, dropping litigation against several crypto industry mainstays such as Kraken, Coinbase, and more.
Paul Atkins, who was formally sworn in as SEC chair on Tuesday, is largely seen as a crypto-friendly choice to lead the agency.
“A top priority of my chairmanship will be to provide a formal regulatory foundation for digital assets,” Atkins said during his swearing-in on Tuesday.
“Through a rational, coherent, and principled approach, we will work to ensure that the United States is the best and most secure place in the world to do business,” he added.
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