SEC KRYPTO-TASKFORCE meets with Trump supporters for regulation
The crypto-acture of the US stock exchange supervisory authority (SEC) led by Hester Peirce continued its meetings with representatives of companies for digital assets, while the authority is examining regulatory changes.
In one notice From April 24, the SEC-Taskforce announced a meeting with representatives of the crypto company Ondo Finance and the law firm Davis Polk and Wardwell, which dealt with the “edition and sale of tokenized versions of publicly traded US securities”. Ondo Finance donated $ 1 million to Donald Trump fund, and the law firm also gave the law firm on April 22nd knownthat she would represent the social media company of the US President, Truth Social, when laying down the stock market traded crypto funds.
According to the meeting documents, Ondo Finance wanted to discuss the registration requirements for tokenized securities, the regulations for compliance with financial laws and the possible introduction of a regulatory sandbox. The company asked CoinTelegraph for a comment, but has not yet received an answer at the time of publication.
The meeting on April 24th was the last meeting of the SEC crypto-task force, which turned to the industry after the former chairman Gary Gensler left. The former commissioner and Trump appointed Paul Atkins to take over the management of the authority on April 21 after his swearing-in, but has not yet taken any measures for his possible crypto agenda.
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On April 25th, the crypto-taskforce will organize a round table to discuss crypto custody in which representatives of octopus, anchorage Digital Bank, Wisdomtree and others take part. After admission of stock markets traded in 2024, many financial institutions have determined a significant increase in demand for custody services for digital assets in the USA.
It is unclear what intentions the SEC could have with regard to the persecution of crypto criminal proceedings under Atkins. The Commission has explained that it will continue to pursue cases with fraudulent activities, but on April 21 has dropped a lawsuit against the HEX founder Richard Heart.
The authority has already announced that it will hire investigations or lawsuits against many companies, including Ripple, Coinbase and octopuses. All three stock exchanges donated or had managers who supported Trump's election campaign or their funds.
