SEC's Workshop on Crypto Asset Custody Will Have Representatives from Kraken, Exodus, Anchorage Digital, and Many Other Large Companies on April 25.
The U.S. Securities and Exchange Commission (SEC) has announced that it will hold the next workshop in the crypto task force event series, focusing on digital asset custody. The event is expected to take place on April 25 with participation from many top representatives from industry companies.
According to the announcement on April 16, the workshop will be attended by commissioners Hester Peirce and Caroline Crenshaw, Acting Chair Mark Uyeda, and Crypto Task Force Director Richard Gabbert. Notably, representatives from major industry companies will also participate, including Mark Greenberg – Kraken's Vice President of Business and Products, Rachel Anderika – Anchorage Digital's Risk Director, and Veronica McGregor – Exodus's Legal Director.
Other companies such as WisdomTree, Fidelity Digital Asset Services, and Fireblocks will also send representatives to the event.
"It is crucial for the SEC to address asset custody issues, which is one of the biggest challenges as we seek to integrate crypto assets into the management structure," said Ms. Peirce, head of the SEC's crypto task force.
Changing Approach to Crypto
Notably, Mark Uyeda is listed as Acting Chair for the April 25 event, although the U.S. Senate confirmed Paul Atkins would lead the agency from April 9. It is still unclear when Atkins will officially take office as SEC Chair.
The workshop agenda will include discussions on brokerage-agency and custody at investment companies. The demand for digital asset custody services in the U.S. has increased significantly in recent years, especially after crypto ETFs were approved in January 2024. This trend has also attracted traditional financial institutions, including long-established companies like BNY Mellon.
Since President Donald Trump took office in January and former SEC Chair Gary Gensler left, the agency seems to have shifted towards a more favorable direction for the crypto industry by abandoning some enforcement actions and court efforts to expand or maintain control over digital assets.
This is the third workshop in the SEC's crypto task force event series. The first workshop on March 21 addressed the status of many tokens as securities, while the second workshop on April 11 focused on "regulatory adjustments for crypto trading".
