DEX in the City: How the SEC’s Crypto Task Force Is Rebuilding Trust with Builders
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Hi all, and welcome to Dex in the City where the wallets are cold and the takes are hot. First, have Jesse, Web three prosecutor turned Web three protector at Rivet Capital, NV from the SEC to Web three. And I'm your host Catherine KK fluid and TradFi and conversant in deep tech over at Stark where we have an incredibly special conversation today and two incredible guests, including Commissioner Hester purse, and the chief of operations of the crypto task force, Sumara Younis. We are so thrilled to have them on. But before we get going, remember, we're lawyers, but we're not your lawyers. So n
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And we're back. So as I mentioned, we are just thrilled to have two very special guests today from the Securities and Exchange Commission, Sumaira Younis, who is chief of operations of the crypto task force, and commissioner Hester Perce, who will be joining us momentarily. This is actually perfect because one of the reasons we started this pod is to amplify female voices in crypto. Obviously, Sumara and commissioner Peirce are not specific to crypto. The SEC does a lot of other things outside of crypto as the three of us know. However, it's wonderful to know and to acknowledge that there are
Thanks so much for having me on. And before I begin, I just wanna give the SEC disclaimer. Anything I say today does not represent the views of the commission, the chairs, other commissioners, or the staff. They are my personal views made in my capacity as chief of operations of the crypto task force. So speaking of the crypto task force, what do we do? We we do a lot. It's been quite busy since we've launched. It's been over a year now, but as you know, we hit the floor running. And ever since then, it has been kind of a real fire hose of an experiment. Initially, when we first launched, one
You're doing a lot of work. Like, you're working very hard, and we're seeing the results of that. You know, we're seeing the guidance. We're seeing the commentary from the commission, which is fantastic, especially because you're right. Like, prior to this SEC administration, there was a lack of engagement because there was a pervasive fear of engagement, which is, as I think we all know and understand, is is not a good way to operate. It's not good for anyone. I mean, it's not good for TradFi. It's not good for crypto. So I love seeing that open dialogue. And I also need to say as an aside, o
I was gonna say, thought we call them fridge cigarettes.
Great. And Sumaira was kind enough to direct me to a to a vending machine to facilitate that. And and fantastic. We have commissioner Peirce who has joined us as well. So Not at all. It all happens to the best of us. Know, What good
powerhouses on this call. We're so happy to have you both.
It's We are so we are so thrilled to have you both. And, you know, Sumaira was just talking more about the how the crypto asset task force or the crypto task force operates day to day. But one of the questions you mentioned the roundtables. You mentioned
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