SEC launches new projects to attract small crypto startups

The Securities and Exchange Commission (SEC) has announced that its Cryptody Task Force will hold a series of roundtables across the country. Watchdog wants to allow more stakeholders to engage directly with Commissioner Hester Perth, who is leading the initiative.

This announcement comes just after Project Crypto. This is a bold new programme introduced by SEC Chair Paul Atkins to rethink how Crypto Assets is regulated in the United States. The initiative is attempting to move more financial systems into “on-chain” and create a regulatory framework that is consistent with rapid digital innovation.

The initiative, revealed at a live-streamed press conference, marks a shift from previous efforts driven by large institutions. This time, a small crypto venture with fewer than 10 employees has a spotlight, running for less than two years.

Project Crypto triggers broader conversations

Project Crypto The SEC’s widest foray is still in the digital assets. They are trying to resolve long-standing areas of regulatory grey, such as how tokens are classified, what constitutes the provision of securities, and whether decentralized finances should be governed under federal law.

In a statement announcing the project Crypto, the SEC also said it would address custody of digital assets, cryptographic projects registration paths, and ways to move financial system elements into blockchain infrastructure to increase transparency and efficiency.

chair Atkins Project Crypto said it was an opportunity to rethink how the financial system is involved in innovation. He emphasized that this process cannot occur in a vacuum, and the need for real voices, real use cases and real concerns to guide the effort.

Commissioner Hester Perth has been promoting the SEC’s Cryptographic Task Force for over a year. Round Table Conference.

Roundtable for small teams and startups

A series of cryptographic roundtables across the country will occur in Demec from August 4th.teeth. The project will open in Berkeley, California and move to cities such as Boston, Dallas, Chicago and New York before going to other towns. Each of these stops The tour is intended to help the committee enterTimI ate it with SmaruR, early stage cryptography startUPS has historically been ignored in regulatory debates.

Unlike early round-two-die cribs in Washington, DC, they’ve enclosed the industry’s big wigs and Wall Street mom’s shitting companies, which are aimed at startups with under 10 employees.

In a blog post, Coughlin explained that the goal is to hear directly from the builder. This is cryptographic tools, infrastructure and market development. He added that the Round Table focuses on people who did not have the time or resources to attend such precedent events.

Hester Peirce, the SEC commissioner who publicly taunted agents for the past few months because they didn’t advance crypto regulations by not attending previous meetings on the issue, said Monday’s move took a step forward, but it didn’t make much sense to advance regulatory work. She added that flooding the commission’s work made it difficult to spend more time engagingly, but emphasized that small players are precisely related to shaping practical and future-looking laws.

The SEC also states that these roundtables should be open rather than exclusive, for serious discussion and dialogue, rather than counterproductive lawyers. At the very least, feedback from that tour will inform future proposals for the rules and help regulate the authority to grant to the regulators within the code, small or more newer entities.

Earlier this year, Washington’s similar SEC Crypto roundtable included two cryptocurrency exchanges, Coinbase and Kraken, including BlackRock and Fidelity. The topic ranged from crypto custody to tokenized securities, consolidating debt with traditional finance. However, others criticized these times for excluding Crypto’s “long tails.”Novemberation – The Scrappy, County -staGE builders suffer without legal teams or institutional support.