#CryptoRoundTableRemarks

Speech

Remarks at the Final Crypto Task Force Roundtable: Where We Go From Here

Commissioner Caroline A. Crenshaw

Washington D.C.

June 9, 2025

Good afternoon. As we begin the final event of this Crypto Task Force series, I think this is a good opportunity to reflect on what has come out of these roundtables and where the Task Force, and the Commission, are going from here.

These roundtables have highlighted that “crypto” is far from a monolith. We have heard a markedly diverse set of viewpoints, from many different segments of the industry.

We have heard, for example, from many non-SEC registered entities with varying views on whether they or their products should be required to register and be subject to SEC jurisdiction. I expect that this will be a key theme of today’s DeFi panel. Back in November 2021, I wrote an article[1] detailing my views on the opportunities and challenges of DeFi, which I believe require industry and regulatory collaboration to develop compliant solutions. The issues I raised in that article related to market structure, transparency, and retail investor protection, among others, still remain questions today, so I look forward to hearing the panelists’ views on how we should approach these challenges.