SEC calls for an open meeting on Dec. 2 to discuss crypto

The United States Securities and Exchange Commission (SEC) announced on November 24 that the topic of the upcoming crypto panel under the Investor Advisory Meeting on December 2 would be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.”

The SEC notified that it would hold two-panel discussions. The first-panel discussion would be regarding cryptocurrencies and digital assets, entitled, “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” The other panel discussion would be regarding the SEC’s possible role in addressing the elder financial abuse problems. 

The first-panel discussion’s agenda will primarily focus on the regulatory structure and will cover market structure issues, digital assets, and underlying risks in the upcoming technologies and innovation. Other than this, the panel is also expected to discuss NFTs, crypto-based exchange-traded funds (ETFs), blockchain technologies, and stablecoins.

Before this, the SEC announced on November 15 that the meeting is open for the general public, and moderators and panelists will participate in the meeting remotely.

The panelists have been decided very thoughtfully as almost 50% of them are in blockchain-specific roles. The other half of the panel has members such as financial market experts and luminary law professors. The blockchain-oriented members are:

  • Ali Emdad, founding director of the Center for the study of Blockchain and Financial Technology and professor and associate dean at Morgan State University’s Earl G. Graves School of Business and Management.
  • Sydney Schaub, general counsel corporate secretary and chief legal officer at Gemini
  • Tyrone Ross, CEO, and Co-founder of Onramp Invest, Founder of 401stc
  • Kristin Smith, executive director of The Blockchain Association

SEC meeting might include its recent actions

The first-panel meeting about the crypto discussion is decided to start from 10:45 am to 12:45 pm EST. The session will be a webcast on the official website of the SEC. The introductory session for the meeting will begin at 10:00 am EST.

The SEC’s controversial decision to deny Jan VanEck’s spot ETF proposal and the form of the Commission’s involvement with the crypto industry are expected to be reviewed, although the particular questions to be discussed by the panel have not yet been disclosed to the public.