U.S. Securities & Exchange Commission Chairman Paul S. Atkins delivered remarks at the third SEC Crypto Task Force roundtable, framing the event as part of an effort to develop a clearer, fit-for-purpose regulatory approach to crypto assets and distributed ledger technologies. The session focused on the practical challenges SEC registrants face in custodying crypto assets for customers while complying with federal securities laws. The discussion agenda highlighted whether custody rules under the Securities Exchange Act, the Investment Advisers Act, or the Investment Company Act should be adapted to accommodate crypto assets and blockchain-based processes. It also raised questions about whether the existing “special purpose broker-dealer” regime is workable for market participants or whether a new crypto asset broker-dealer framework is needed, with the chair inviting input to help guide the Commission’s direction.
U.S. Securities & Exchange Commission2025-04-25
U.S. Securities & Exchange Commission Crypto Task Force roundtable examines custody and broker-dealer frameworks for crypto assets
SEC Chairman Paul S. Atkins addressed the SEC Crypto Task Force roundtable, emphasizing the need for clearer crypto asset regulations. Discussions focused on adapting custody rules under securities laws and evaluating the "special purpose broker-dealer" regime's viability for crypto assets. Input was sought to guide potential development of a new crypto asset broker-dealer framework.