About this episode
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.