SEC Announces Crypto Regulation Roundtables Starting March 21


TLDR

  • SEC’s Crypto Task Force launching “Spring Sprint Toward Crypto Clarity” roundtables starting March 21 in Washington D.C., focusing on defining security status of digital assets
  • Michael Selig, former Willkie Farr & Gallagher partner, appointed as chief counsel of the 14-member task force led by Commissioner Hester Peirce
  • Task force launch coincides with House Democrats’ MEME Act introduction and SEC’s stance that meme coins don’t meet security definition under Howey test
  • The initiative is part of Acting Chair Mark Uyeda’s January 2025 push for clearer crypto regulations
  • SEC has recently dropped several crypto-related lawsuits, including one against Kraken exchange

The Securities and Exchange Commission (SEC) has announced a series of roundtable discussions on cryptocurrency regulations, starting March 21. The initiative, called “Spring Sprint Toward Crypto Clarity,” will begin at the SEC’s Washington, D.C. headquarters.

The first session focuses on “How We Got Here and How We Get Out – Defining Security Status.” The event welcomes public attendance, though space is limited for in-person participants.

The roundtables are part of the SEC’s Crypto Task Force, which Acting Chair Mark Uyeda established in January 2025. Commissioner Hester Peirce leads the group.

The SEC has named 14 members to the task force. Michael Selig, previously a partner at Willkie Farr & Gallagher, takes the role of chief counsel.

New Leadership

Selig brings experience in crypto, NFTs, and stablecoins from his private practice. He has represented clients in both SEC and CFTC enforcement matters.

Former CFTC chair Chris Giancarlo endorsed Selig’s appointment. Giancarlo, known as “Crypto Dad,” called Selig his “protégé” in a social media post.

Sumeera Younis, Commissioner Peirce’s former policy counsel, will serve as operations chief. Richard Gabbert steps in as chief of staff.

The task force includes Taylor Asher as chief policy adviser. Landon Zinda, who worked as policy director at crypto advocacy group Coin Center, joins as senior adviser.

The timing of these developments follows recent changes in the SEC’s approach to crypto enforcement. The agency has dropped several lawsuits against crypto companies.

On March 3, the SEC ended its case against crypto exchange Kraken. This marks a shift from the enforcement strategy used during the previous administration.

The same day, the SEC’s Division of Corporation Finance released its view on meme coins. They determined these assets don’t qualify as securities under the Howey test.

The agency clarified that this interpretation carries no legal weight. It serves as staff guidance rather than binding regulation.

These moves come as House Democrats introduced the MEME Act. This bill would stop federal officials from launching or promoting digital assets.

The legislation includes both criminal and civil penalties for violations. It adds another layer to the evolving regulatory landscape.

Commissioner Peirce emphasized the task force’s commitment to public input. She sees these roundtables as key to developing practical crypto regulations.



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