The U.S. Securities and Exchange Commission (SEC) is set to host the third session of its ongoing four-part roundtable series on April 25, shifting the spotlight to a crucial issue within the digital asset space: crypto custody.
Announced on April 16, the “Know Your Custodian: Key Considerations for Crypto Custody” event will convene some of the industry’s leading voices. Among the featured panelists are Mark Greenberg of Kraken, Rachel Anderika from Anchorage Digital Bank, Veronica McGregor of Exodus, and representatives from Fidelity Digital Asset Services, WisdomTree, and Fireblocks. Their participation underscores the importance of custody infrastructure in ensuring crypto assets’ security and regulatory compliance.
Commissioners Hester Peirce and Caroline Crenshaw will represent the SEC at the roundtable, as Acting Chair Mark Uyeda and Richard Gabbert, Chief of Staff for the Commission’s Crypto Task Force. Their involvement signals the SEC’s commitment to engaging directly with industry stakeholders as it explores how best to address emerging custodial challenges.
Commissioner Peirce, who leads the Task Force, emphasized the urgency of the conversation, stating,
“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.”
The upcoming session will continue discussions from earlier sessions on March 21 and April 11, focusing on classifying crypto tokens as securities and creating regulatory frameworks for crypto trading. The final part of the series will explore topics such as asset tokenization and decentralized finance (DeFi), reflecting the growing engagement of the Commission with digital innovation. This session on crypto custody is notably timed amid increasing calls for regulatory reform, particularly following a letter from venture capital firm Andreessen Horowitz on April 9. The firm criticized current crypto custody regulations based on the Investment Advisers Act of 1940, arguing they are outdated and inadequate for the complexities of digital assets, especially for registered investment advisers.
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