The U.S. Securities and Exchange Commission (SEC) has disclosed the panelists for its upcoming crypto custody roundtable.

The discussion is the third in a series by the SEC's Crypto Task Force that will take place on April 25, 2025.

The U.S. Securities and Exchange Commission (SEC) has disclosed the panelists for its upcoming crypto custody roundtable. The discussion is the third in a series by the SEC’s Crypto Task Force that will take place on April 25.

Key Considerations on Crypto Custody

The topic of crypto custody will be central and critical for the growing digital asset industry, and the discussion will focus on some key considerations regarding custody. The announcement was shared by the SEC through a post on X. The SEC aims to sort out the regulatory issues in the crypto space, and industry leaders from the leading crypto firms will be discussing the matter further.

Announcing the third event in the SEC’s Crypto Task Force Roundtable Series. This session will focus on custody and feature a panel discussion with:

Richard Stites, managing partner at Deغولכר,ੇਰkman, ਵਿੱਚ,ਰ,անդ & ליידר, will moderate a panel discussion on custody in the digital asset space. Joining him will be:

* Mark Greenberg, VP, consumer business and product at Kraken

* Rachel Anderika, chief risk officer at Anchorage Digital Bank

The SEC is highlighting two of its commissioners—Hester Peirce and Caroline Crenshaw—who will be present at the discussion. In addition, Richard Gabbert, chief of staff of the Crypto Task Force, and acting chair Mark Uyeda will also be in attendance.

However, as cryptocurrency assets begin to integrate with more conventional financial systems, the issue of custody for these assets has become increasingly pressing.

In the cryptocurrency industry, "custody" refers to "holding" or "safeguarding" digital assets. It ensures that the assets are protected from insolvency, mismanagement, hacking, and more. This comes as the SEC is showing interest in the matter and as the approval of crypto exchange-traded funds is approaching in the next few months.

Background on SEC’s Crypto Task Force Roundtables

Mark T. Uyeda, acting chair of the SEC, announced the formation of the agency’s Crypto Task Force on January 21. The goal is to illuminate the various regulatory structures that apply to cryptocurrency. The task force will put in place reasonable disclosure regulations, transparent registration procedures, and strong rule enforcement.

This roundtable series was announced on March 25. The planned events of the SEC on crypto regulation totaled four. Crypto trading regulations were first covered for crypto trading on April 11. Some custody challenges will be discussed in the event that will be held on April 25. The topics also include tokenization and DeFi, and the next discussions are scheduled for May 12 and June 6.

As the crypto industry develops, all these topics are important. On the topic of asset ownership and security, another source of concern was high-profile bankruptcies such as the FTX collapse in 2022. Regulators are now focusing on customer protection in case of insolvency.

The SEC has invited interested parties to the event. In-person attendance requires registration, but there is limited space. No registration is needed to attend virtually and a recording will be posted later on the SEC’s website. For more details, one can check the SEC’s Crypto Task Force webpage which also includes agendas and speaker information.

After Trump’s inauguration in January 2025, the SEC’s stance on cryptocurrency shifted. Gary Gensler, who resigned as chair, handled a number of enforcement proceedings before leaving the agency. The crypto sector is attempting to balance innovation with investor protection, therefore this is a step in the right direction.