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As of the time of writing, Bitcoin 
$93,006 has once again surpassed the $86,300 mark, while discussions between the SEC and cryptocurrency companies continue. The new SEC administration is striving for constructive regulations to conclude the oppressive stance that began during the Biden era. So, what topics are on the agenda during these meetings?
SEC and Cryptocurrency Meetings
SEC previously focused heavily on the distinction between securities and commodities, often neglecting the true nature of cryptocurrencies. Although there is a need for regulation regarding tokenization, DeFi, and security aspects, Gensler and his team have attempted to stifle the sector through punitive measures.
However, at present, the SEC engages in numerous meetings with cryptocurrency firms, gathering feedback and suggestions from experts and industry stakeholders on various topics. We have previously discussed meetings with companies like Wintermute, Hashdex, Paradigm, Circle, and many others.
Today, the SEC released updates about meetings focused on discussions with more companies. By quickly reviewing the details of four of these meetings, we can gain a better understanding of how the process is progressing and what the SEC is attempting to achieve.
Hashdex & Dechert
In a meeting with the SEC’s Crypto Task Force, Hashdex Asset Management and Dechert LLP proposed a framework for cryptocurrency ETP (exchange-traded product) regulations in the U.S., drawing examples from international practices. Participants discussed how staking has been integrated into ETPs in different countries and how it relates to investor protection and risk management.
The allowance of staking features in ETFs could attract more investors to cryptocurrency ETFs. This meeting took place on March 28.
Abstract Foundation
In an April meeting, Abstract Foundation announced plans for a public offering of their token based on the ZKsync technology and expressed their desire to ensure compliance with existing U.S. securities laws. Clear guidance from the SEC is also essential in this regard.
Open Security Alliance (SEAL) & Paradigm
The April 4 meeting addressed cybersecurity issues. Representatives from SEAL and Paradigm shared lessons learned from cybersecurity incidents (such as Bybit hacks and Abracadabra attacks) in the crypto sector, proposing solutions to the SEC. SEAL’s developed frameworks and tools aim to provide preventive security and legal protections through initiatives like SEAL 911 and Safe Harbor.
Wintermute & Morrison Cohen
In the meeting held at the end of March, participants emphasized the need for clearer guidance from the SEC regarding market making, tokenized securities, and on-chain order books.
