The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force officials met with representatives from Payward Inc., the legal entity behind the crypto exchange Kraken, on Thursday. The primary agenda of the meeting was to discuss issues related to crypto asset regulation.
US SEC and Kraken Discuss Crypto Regulation
The Crypto Task Force Staff of the U.S. SEC met with Kraken representatives, according to the SEC memo dated May 29. The move comes as the government agency under the Trump administration aims to bring crypto clarity in the United States.
The topics discussed in the meeting include tokenization of traditional assets and staking as a service. Specifically, how jurisdictions are promoting the tokenization of traditional assets and the efforts needed from the SEC to facilitate tokenization in the U.S.
Moreover, the agency seeks details on different types of staking and their potential benefits to the digital asset ecosystem. Also, how it can provide regulatory clarity for related businesses under its existing authority.
Source: SEC
The SEC, under its new Chairman Paul Atkins, seeks to work with the crypto industry to bring clarity by issuing crypto-focused guidelines and regulations. The agency took a number of steps, including dismissing the cases against crypto exchanges such as Kraken and Binance.
On Thursday, the SEC, Binance, and founder Changpeng Zhao filed a joint stipulation to dismiss the lawsuit. The agency cited that the dismissal is in line with the Crypto Task Force’s policies as it works on developing a regulatory framework for crypto assets.
