Catenaa, Tuesday, March 04, 2025-The US Securities and Exchange Commission’s (SEC) newly established crypto task force will hold its first roundtable on March 21, signaling a shift in the agency’s regulatory approach.
The meeting, titled “How We Got Here and How We Get Out – Defining Security Status,” will take place at the SEC’s headquarters in Washington, D.C., as part of a broader initiative called “Spring Sprint Toward Crypto Clarity,” the agency announced Monday.
Commissioner Hester Peirce, a longtime crypto advocate, is leading the task force, which was created in January by Acting Chair Mark Uyeda. Peirce stressed the importance of public engagement in shaping a regulatory framework.
“I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto,” Peirce said in a statement.
The SEC’s approach to crypto has shifted notably from that of the Biden administration. Under former Chair Gary Gensler, the agency pushed for strict oversight, declaring most cryptocurrencies as securities and filing lawsuits against major industry players.
Since then, Uyeda’s leadership has brought a reversal, with the SEC dropping several lawsuits, including one against Yuga Labs on Monday. Last week, the SEC also declared that memecoins are not securities, removing them from federal oversight.
Peirce has indicated that the task force will focus on formally classifying some tokens as “non-securities,” potentially reducing compliance burdens for crypto firms. The upcoming roundtable is expected to offer insight into the agency’s evolving stance.
