Crypto Task Force Written Input

Please find written input submissions to the Crypto Task Force below. The written input is posted without modification. We hope sharing the submissions will help encourage productive dialogue and continued engagement. Please note that the “Key Points” and “Topics” are AI generated. AI can make mistakes, and the Key Points and Topics are not a replacement for you reading the submissions. The Crypto Task Force has not reviewed these AI-generated summaries for accuracy or completeness. If you believe a Key Point or Topic is inaccurate, please email the Crypto Task Force at crypto@sec.gov. The written input provided to the SEC and posted on this page does not necessarily reflect the views of the Crypto Task Force or others in the U.S. Securities and Exchange Commission.

Date Written Input Topic(s) Key Points
Joon Kim, JK Advisory LLC

Re: Cryptocurrency Task Force 		Crypto Lending, Custody, Safe Harbor, Security Status, Trading
  • The SEC should recognize decentralization as a spectrum and provide better guidance on what constitutes a "decentralized and functional" network.
  • Projects under the Grace Period should be allowed to engage in certain permitted activities to incentivize their return to the U.S.
  • Uniform disclosure standards should be established for crypto projects to protect investors.
Alan Konevsky, tZERO Group, Inc.

Re: SEC Crypto 2.0: Formation of New Crypto Task Force 		Crypto Lending, Custody, Safe Harbor, Security Status, Trading
  • The document emphasizes the need for a clear regulatory framework for digital assets to ensure the United States remains a global leader in the digital evolution, particularly in financial markets.
  • It advocates for updates to the Special Purpose Broker-Dealer (SPBD) Statement to allow SPBDs to custody non-security crypto assets and engage in non-custodial activities.
  • The document calls for a clear path for issuers to cure historical securities law violations for digital assets that were not issued in compliance with securities laws.
Digital Asset Holdings, LLC

Letter to the Crypto Task Force 		Custody, Regulatory Sandbox, Security Status, Tokenization, Trading
  • The submission focuses on the tokenization of traditional securities, emphasizing the need for regulatory clarity to accelerate innovation while ensuring fair, orderly, and efficient capital markets.
  • The document highlights the importance of privacy, control, security, and transaction finality in blockchain-based books and records, advocating for the use of blockchain as permissible electronic books and records.
  • Recommendations include providing no-action relief for market participants conducting core market transactions with tokenized traditional securities, enabling real-time settlement and the use of tokenized securities as collateral.
William R Stanek, WilliamRStanek.com

A Prudent Digital Assets Framework: Balancing Innovation, Consumer Protection, and Monetary Sovereignty 		Custody, Regulatory Sandbox, Security Status, Tokenization, Trading
  • The document proposes a structured policy environment for digital assets in the United States to foster long-term economic growth, financial stability, and global competitiveness.
  • It emphasizes the need for regulatory clarity and standardized disclosures to ensure trust and market integrity.
  • The framework includes foundational principles such as transparency, monetary sovereignty, consumer and investor protections, responsible innovation, and global coordination.