Crypto industry is not experiencing regulatory capture — Attorney

Brandon Ferrick, wide counsel astatine Douro Labs, said that the Securities and Exchange Commission's (SEC) openness to nationalist input connected crypto argumentation and their roundtable discussions are affirmative signs that the crypto manufacture is not presently experiencing regulatory capture.

In an interrogation with Cointelegraph, Ferrick identified signs of regulatory seizure including, a public-to-private assemblage revolving doorway of employees, the aforesaid roster of attendees astatine regulatory events, and peculiar attraction fixed to definite crypto projects. However, Ferrick added:

"The crushed wherefore I americium not disquieted contiguous is that a batch of what you're seeing from the regulatory side, similar the SEC, for example, is wholly open, public, and determination are disposable opportunities to person conversations with the regulators astir changing oregon reasoning astir the regulatory structures."

"[The SEC] has a nationalist portal wherever you tin conscionable taxable written commentary connected your thoughts for the crypto regulatory environment, and you tin docket meetings with them," the lawyer continued.

Crypto Industry executives and panelists sermon cohesive crypto regularisation astatine the SEC’s archetypal crypto roundtable successful March 2025. Source: SEC

As the crypto manufacture becomes much integrated with the accepted fiscal strategy and engages authorities regulators more, immoderate analysts and executives are worried that the manufacture is experiencing regulatory seizure that volition skew incentives and politicize the burgeoning crypto sector.

Related: SEC unit gives guidance connected however securities laws could use to crypto

SEC hosts respective roundtable discussions connected crypto policy

The SEC has hosted respective crypto roundtable discussions and panels, with much slated successful the coming months — a crisp opposition from the agency's regulation-by-enforcement approach nether erstwhile SEC president Gary Gensler.

On March 21, the regulatory bureau hosted its archetypal crypto roundtable, which featured crypto manufacture executives, SEC officials, and adjacent opponents of the crypto industry.

Former SEC authoritative John Reed Stark was highly captious of the manufacture and opposed broad regulatory reform, arguing that integer assets indispensable comply with existing securities laws.

Former SEC authoritative John Reed Stark addresses the SEC’s March 2025 crypto roundtable. Source: SEC

The SEC's April 11 roundtable focused connected trading rules and included a antithetic acceptable of panelists, including representatives from Uniswap and Coinbase.

The adjacent SEC sheet volition hap connected April 25 and absorption connected establishing guidelines for crypto custodians and different firms holding crypto connected behalf of customers.

Magazine: SEC’s U-turn connected crypto leaves cardinal questions unanswered