Washington, DC – staff of the US Securities and Exchange Commission has embraced the chance to finally work with the crypto industry to hash out politics to oversee digital activation transactions, said Commissioner Hester Peirce, head of the agency’s crypto task force.

Securities regulator is ready “to search seriously to find a useful frame,” Peirce said on the agency’s first cryptophocused round table on Friday. “I think we’re ready for spring to come,” she said, referring to the title of today’s event, “Spring Sprint against cryptoclars.”

The task according to Peirce: “Can we translate the properties of security into a simple taxonomy that will cover the many different types of crypto assets that exist today and can exist in the future?”

Mark Uyeda, Agency’s acting chairman, told journalists that despite the recent SEC political statements that certain areas of the crypto sector are not subject to securities legislation – Memecoins and Mining, so far – it is a “specific option” that others will be defined as securities.

“We are moving on several numbers here,” he said in response to a question from Coindesk. Each statement that has been issued hitherto “is ultimately a staff declaration” that has no legal support, but he said the round table represents the entire Commission – currently three members – looking at what a “potential commission interpretation might look like.”

In his opening notes at the event, Uyeda argued, appointed by President Donald Trump when SEC is waiting for a Senate confirmation of Paul Atkins that the agency should have been more willing in recent years to publish such interpretations.

“When legal statements have created uncertainty from our participants in the past, the Commission and its staff have stepped in to provide guidance,” Uyeda said. “This approach to using joint decision to explain the commission’s process or release rather than enforcement measures should have been considered to classify crypto assets according to the federal security laws.”

Panel discussion

The panel discussion saw a dozen securities lawyers in the crypto sector weighing in on the specific questions they saw as they advised companies.

“What is the biggest question that you face in trying to fight with this question?” Moderator Troy Paredes, a former SEC Commissioner, who now runs the consulting firm paredes strategies, posed Sarah Brennan, the Attorney General of Delphi Ventures and one of the 11 panelists.

“The spectrum of the use of securities laws has moved projects at the early stage of the market to kind of taking a bow that looks like a lot [initial public offerings]Where they stay private longer, ”she replied.

“These assets in the traditional model are designed to have a broad, broad early distribution, and most of the market uncovers it when using securities laws, so it ends up looking like a lot of your traditional markets, where people will marry their way to a stock exchange listing without the broad dissemination or price support or actually fully launch the technology.”

The panel contained critics of the industry with lawyers who have worked to develop the sector.

“Whether you are talking about giving farms or ostrich farms or orange groves, the whole point of securities control was to wrap it up in a very large, broad, principle-based regulation,” said former SEC lawyer John Reed Stark. His concern is that even in 2025, much of the market is lacking utility.

“If it all went away tomorrow and you didn’t speculate on it, you wouldn’t be interested,” he said.

Legislator questions

At the forefront of the round table, Senator Elizabeth Warren and Rep wrote. Jake Auchincloss, both the Massachusetts -Democrats, an open letter to Uyeda, who asked about SEC’s staff statement on Memecoins and how it was developed.

The letter asked if anyone in SEC communicated with the White House about the statement, whether the White House Crypto Working Group had instructed SEC to do something and why the staff statement was not built into formal decision.

Warren and Auchincloss also asked SEC to explain how it would specifically define Memecoins separate from “General Cryptocurrency”, how it would distinguish between actual memcoins and memcoins that do not meet the staff statement and which Memecoin’s SEC analyzed in the preparation of its staff statement.