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Eric Trump has announced that World Liberty Financial (WLFI) will acquire a substantial stake in the $TRUMP meme coin as part of its long-term treasury strategy. This decision follows a recent clash over the development of a Trump-branded crypto wallet, which has now been discontinued. World Liberty Financial Strategic Step in $TRUMP Meme Coin In
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The US Senate is preparing for another key vote on the GENIUS Act, a bipartisan bill aimed at establishing federal rules for stablecoins. This vote could occur as soon as Wednesday, June 11, following a procedural motion filed by Senate Majority Leader John Thune. The bill is seen as a major step in regulating dollar-pegged
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The post SEC’s Crypto Task Force Announces 4 Key Roundtables on DeFi, Tokenization, and More appeared first on Coinpedia Fintech News
The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance.
The roundtables, running from April to June, are part of the SEC’s ongoing effort to establish clearer and more effective rules for the crypto industry.
The first roundtable of the Crypto Task Force marked the beginning of the SEC’s effort to bring more clarity to cryptocurrency rules, which Commissioner Hester Peirce called the “Spring Sprint Toward Crypto Clarity.” The event, held last Friday in Washington, D.C., brought together crypto lawyers to discuss whether tokens should be considered securities.
At the roundtable, Miles Jennings, a16z crypto’s general counsel, criticized the SEC’s past approach to crypto, saying it failed to protect investors, support capital formation, or create efficient markets.
“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,” Peirce noted in a Tuesday announcement.
The next roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” is all set to be held on April 11. Other topics will include crypto custody (April 25), tokenization (May 12), and decentralized finance (June 6). All events will be held in Washington, D.C., and livestreamed.
The Crypto Task Force, launched on January 21 by Acting SEC Chairman Mark T. Uyeda, was created to help the SEC set clear rules, offer practical paths for registration, build effective disclosure frameworks, and use enforcement resources wisely.
Furthermore, the SEC is also exploring how it could “provide some kind of framework or some kind of markers” to craft rules for NFTs as an asset category. This comes after the SEC announced last Thursday that crypto mining doesn’t violate securities laws.
Meanwhile, Paul Atkins, nominated by Trump to be the new SEC chair, will have his Senate hearing on Thursday. A former SEC commissioner from 2002 to 2008, Atkins is also a supporter of crypto.
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The U.S. SEC’s Crypto Task Force is gearing up for a series of four roundtable discussions. The Task Force will host four roundtable discussions, exploring topics like tokenization and decentralized finance (DeFi). These talks will bring together experts to discuss the future of digital finance. The roundtables, running from April to June, are part of …
US Treasury Secretary Scott Bessent has again opposed the idea of a Central Bank Digital Currency (CBDC). He stated that he would not favor a move by the Federal Reserve to create one, calling it a sign of weakness.
While testifying before the House appropriations subcommittee, the US Treasury Secretary spoke against the idea of the Fed creating a digital currency. He called it a sign of weakness, noting that digital assets belong in the private sector.
This isn’t the first time that Scott Bessent has spoken against creating a CBDC. During his nomination hearing, he remarked that digital currencies are for countries with no other investment alternatives. The US Secretary also noted that countries like China have considered creating one, but there was no need for the US to create one.
US President Donald Trump has also shown that he doesn’t support the Fed creating a CBDC. Following his inauguration in January, the President signed an executive order prohibiting agencies from working towards establishing and issuing central bank digital currencies.
So far, Jerome Powell and the Fed have shown no indication of creating a CBDC, which Scott Bessent opposes. Instead, the Fed Chair has only called for stablecoin regulations to manage these cryptocurrencies as their use cases increase.
As Coingape reported, the US Senate will likely vote on the stablecoin bill before May 26. If passed, it would become the first major crypto regulation in the US. The US House is still deliberating on its version of the stablecoin legislation at the committee level, with key members like Rep Maxine Waters objecting to the bill.
Meanwhile, the crypto community is still waiting for Scott Bessent and the US Treasury to release their report on the proposed US Strategic Bitcoin Reserve. The Treasury is meant to outline a comprehensive plan for managing this reserve using the seized assets.
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