SEC, Discussion on Defi Regulation Direction Expedited... High-level Roundtable Held on June 9
The United States Securities and Exchange Commission (SEC) begins full-fledged discussions to clarify regulations on decentralized finance (DeFi). On June 9 (local time), the SEC plans to host a high-level roundtable at its Washington D.C. headquarters under the theme 'DeFi and the American Spirit'.
This meeting is organized by the SEC's 'Crypto Taskforce', and Commissioner Hester Peirce, known for her crypto-friendly stance, will chair the meeting. Commissioner Paul Atkins of the SEC will outline the committee's direction on DeFi regulation in his keynote speech. The meeting will be streamed live online, and the opinions of industry experts and the public will be gathered.
The SEC stands particularly in-depth on how to achieve investor protection without DeFi conflicting with existing securities regulations. This discussion is expected to have a decisive impact on setting the direction of future DeFi policies.
One of the participating companies, SegMint, operates an NFT fragment investment service based on luxury watches and trading cards, and plans to discuss directly with the SEC regarding the applicability of securities laws. Asset management giant BlackRock is also reported to submit its views regarding DeFi and tokenization.
This roundtable is being pursued in conjunction with President Donald Trump's cryptocurrency industry development policy. Commissioner Atkins recently emphasized at the Senate Appropriations Subcommittee that "the SEC is currently reorganizing its $2.1 billion budget efficiently and will quickly provide clear regulatory signals to the digital asset market."
Whether the SEC will actually design and institutionalize the DeFi regulatory framework is still uncertain, but this meeting is expected to be a significant milestone in finding the junction between the cryptocurrency industry and institutional finance within the United States.