🚨🤯 The SEC is at it Again: More Roundtables to Confuse the Crypto World! 🤯🚨
And so, the grand farce continues. The U.S. Securities and Exchange Commission (SEC), that bastion of clarity and transparency, has decided to hold four more roundtables from April to June 2025 to discuss crypto regulations. Because, you know, they didn’t quite get it right the first time. 🙄
According to a statement released by the US SEC, the four roundtables will be held on April 11, April 25, May 12 and June 6 this year, with each session focused on a particular topic concerning the industry. Because, of course, they need more time to figure out what they’re doing. 🕰️
“The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force.
Because, you see, the SEC is all about “hearing lively discussions” and “solving regulatory issues.” Meanwhile, the crypto community is left scratching its head, wondering what the heck is going on. 🤔
The SEC took this initiative to clarify cryptocurrency regulations through its “Sprint Sprint Toward Crypto clarity” roundtable series. Because, clearly, the first roundtable wasn’t enough to get the job done. 🎉
During the first roundtable session, the focus of discussion between SEC and industry leaders remained on the question of “securities” and what are the parameters to decide whether a digital asset falls under the category. SEC Crypto Task Force Head Hester Peirce clarified that securities remained the biggest challenge for the SEC to address. Ah, yes, because that’s exactly what we needed: more clarification on securities. 🙄
Recently, in the landmark SEC vs Ripple case, the federal agency had to drop the lawsuit after 3 years, that solely focused on identifying XRP as a financial security. Because, you know, that’s exactly what the SEC does: drops lawsuits after 3 years. 🤣
Continuing the same discussion, the upcoming roundtable sessions will be focusing on clearer regulatory frameworks for crypto trading, crypto custodians, the use of digital tokens in the non-Web3 domain, and promoting decentralized finance as the 21st-century American dream. Because, clearly, the SEC is all about promoting decentralized finance. 🤑
According to SEC, each roundtable will be open to the public at SEC’s headquarters (100 F Street, N.E., Washington, D.C.) and will be streamed live on SEC.gov. Speakers of the roundtables are yet to be disclosed, but we can expect industry heavyweights shaking a leg with SEC officials on these dates. Because, you know, that’s exactly what we need: more industry heavyweights and SEC officials shaking legs. 🤪
Crypto Task Force was created on January 21 by Acting SEC Chairman Mark T. Uyeda to assist the Commission in establishing transparent regulations, practical registration routes, reasonable disclosure guidelines, and the prudent use of enforcement resources. Because, clearly, the SEC needs all the help it can get. 🤦♂️
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2025-03-26 11:01