The U.S. Securities and Exchange Commission (SEC) is holding its first-ever crypto regulation roundtable, marking a major step in defining the security status of digital assets.
The event is part of a broader effort by the SEC’s newly formed crypto task force to provide clarity on regulatory concerns that have long created friction between the agency and the crypto industry.
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Defining Crypto Assets as Securities
CNBC’s Tanaya Macheel highlighted that the SEC is working to establish clearer guidelines on whether specific crypto assets qualify as securities. The lack of regulatory clarity in recent years has led to multiple enforcement actions, with critics arguing that crypto firms were targeted without a proper framework to follow.
“The former administration’s SEC targeted many companies for their involvement with crypto, alleging most coins were unregistered securities but failing to give clear guidelines to follow to avoid being targeted,” Macheel noted.
The roundtable discussions could also impact Ethereum exchange-traded funds (ETFs). While the SEC recently ruled that meme coins do not fall under securities laws, it has yet to provide clarity on staking services linked to crypto ETFs—a factor that could influence institutional adoption.
“The appetite for ETH ETFs has been tepid compared to Bitcoin ETFs, and one of the big reasons is the inability to earn a staking yield on those funds,” Macheel added. “If the SEC can iron out some of the uncertainties about those services being potential unregistered securities, it could change the outlook for ETH ETFs.”
Stay updated on SEC regulations and their impact on crypto markets at TheCoinInfo.