SEC Launches Crypto Regulation Roundtable
The U.S. Securities and Exchange Commission (SEC) is hosting its first crypto regulation roundtable. The event aims to clarify the security status of crypto assets. This marks the start of discussions by the SEC’s new crypto task force, which could impact the broader crypto market.
According to CNBC’s Tanaya Macheel, the SEC’s goal is to provide clearer guidelines on whether certain crypto assets should be classified as securities. This issue has caused tension between the SEC and the crypto industry.The former administration’s SEC targeted many crypto companies, alleging most coins were unregistered securities without offering clear guidelines.
Today’s roundtable could also impact Ethereum (ETH) exchange-traded funds (ETFs). The SEC recently stated that meme coins are not securities,but it hasn’t clarified its stance on staking services linked to crypto ETFs. This uncertainty affects the growth of ETH ETFs. “If the SEC can clarify these uncertainties,it could change the outlook for ETH ETFs,” Macheel said.
Bitcoin (BTC) has remained stable, trading around $84,000, a key technical support level.Ethereum (ETH) has underperformed compared to Bitcoin. Macheel noted, “Ethereum has been left for dead, with some big short positions from hedge funds.” The broader crypto market has seen subdued activity compared to other asset classes like gold. Investors are watching closely to see if the roundtable will provide clarity on staking and the broader regulatory framework for crypto assets.A defined regulatory habitat could pave the way for increased adoption and new financial products tied to crypto assets.
