Odaily News According to a statement released by the U.S. Securities and Exchange Commission (SEC) on Monday, the agency's newly formed cryptocurrency working group will hold its first roundtable meeting on March 21 at its Washington, D.C. headquarters, titled "How We Got Here and Where to Go Forward - Defining the Status of Securities." This will be part of a series of meetings called "Spring Sprint Toward Clarity in Cryptocurrencies."
“I look forward to drawing on the public’s expertise to develop a workable regulatory framework for cryptocurrencies,” Republican Commissioner Hester Peirce, who leads the task force, said in a statement.
The SEC has made a major shift in cryptocurrency regulation compared to the Biden administration. Former SEC Chairman Gary Gensler required crypto companies to register with the agency and claimed that most cryptocurrencies are securities, while filing lawsuits against multiple institutions.
Since Acting Chairman Mark Uyeda established the cryptocurrency task force in late January, the agency has dropped lawsuits and investigations against several crypto companies, including the most recent case against Yuga Labs on Monday. This past week, the SEC also announced that meme coins are not securities and may not be subject to federal securities laws. (The Block)