CTF Written Submission

Subject: Comments on the SEC Crypto Task Force’s “There Must Be Some Way Out of Here” Request for Input Questions

May 5, 2025
  • Permissionless or open, public blockchains, including decentralized finance (DeFi), are best positioned to enable the SEC to meet its policy goals relating to capital and digital asset markets.
  • Safe harbor exemptive relief should extend to the Securities and Exchange Act of 1934, as well as the Securities Act of 1933, and incorporate specific considerations related to DeFi.
  • The SEC should implement a regulatory sandbox for securities tokenization on open blockchains to develop a new regulatory architecture leveraging open blockchains and complementary technologies.

Last Reviewed or Updated: May 5, 2025