SEC Commissioner Hester Peirce and Crypto Task Force Chief Counsel Mike Selig return to the podcast to share updates from the SEC’s Crypto Task Force — plus their thoughts on tokenized securities, market structure legislation, exemptive relief, and the role of decentralization in regulatory design.
Timestamps:
➡️ 00:00 — Intro
➡️ 00:46 — Sponsor: Day One Law
➡️ 01:09 — Tokenizing securities: what facts and circumstances matter
➡️ 02:51 — What exemptive relief could look like
➡️ 04:51 — Timeline for SEC action on tokenization
➡️ 05:14 — Key regulatory risks in tokenized markets
➡️ 07:44 — Could ZKPs enable on-chain compliance?
➡️ 09:55 — Will smart contract auditors exist at the SEC?
➡️ 10:38 — How decentralization fits into new frameworks
➡️ 15:27 — Best practices for speaking with the SEC
➡️ 17:38 — Pathways for offshore projects to re-engage in the U.S.
➡️ 18:45 — Passport regime vs. U.S.-specific compliance
➡️ 20:45 — What Crypto Task Force meetings actually look like
➡️ 22:09 — How the SEC views DePIN models and incentives
➡️ 23:40 — Could yield-bearing stablecoins become regulated products?
➡️ 24:54 — SEC–CFTC joint rulemaking: what’s next
& more.
Sponsor: This episode is brought to you by Day One Law — a boutique law firm helping crypto startups navigate complex legal challenges.
Resources:
📄 SEC Crypto Task Force information page
📬 Contact: crypto@sec.gov
📜 “Enchanting, but Not Magical: A Statement on the Tokenization of Securities” — Commissioner Peirce’s statement on tokenized securities.
