The SEC is hosting a roundtable on April 25, 2025, to address digital asset custody challenges, featuring key industry leaders including Kraken, Fidelity, and Anchorage Digital. The event aims to outline future regulations post-Bitcoin ETF approval and reflect a more conciliatory approach by the SEC towards the crypto sector. Topics of discussion will include custody via broker-dealers and for investment companies.
The United States Securities and Exchange Commission (SEC) is set to host a roundtable on crypto custody on April 25, 2025. This event will include notable participants such as Kraken, Fidelity, and Anchorage Digital, aiming to address the challenges associated with digital asset custody and to outline the future regulatory landscape for cryptocurrency in the U.S.
The roundtable, titled “Know Your Custodian: Key Considerations for Crypto Custody,” represents the SEC’s ongoing commitment to regulate the crypto sector, particularly in light of the growing demand for custody solutions post-Bitcoin ETF approvals in January 2024. The discussions will focus on crucial topics, notably custody management via broker-dealers and for investment companies, as highlighted by Commissioner Hester Peirce.
Major industry players like Kraken, Fidelity, Anchorage Digital, and Fireblocks will participate in the discussions, to be held at the SEC’s headquarters in Washington, D.C. Participants will also include representatives from other entities like Exodus, WisdomTree, and Copper, along with academics and legal experts from Georgetown and the University of Pennsylvania.
This roundtable is part of a shift towards a more collaborative stance by the SEC under new leadership, as the agency engages with the crypto industry by halting contentious legal actions while promoting public dialogues. By initiating these discussions, the SEC aims to establish a comprehensive regulatory framework for digital asset custody, facilitating the integration of cryptocurrencies into the traditional financial system.
