The US Securities and Exchange Commission (SEC) announced industry insiders from Kraken, Exodus, Anchorage Digital, and others would be participating in its crypto task force’s roundtable discussion on custody.

In an April 16 notice, the SEC said commissioners Hester Peirce and Caroline Crenshaw, acting chair Mark Uyeda and crypto task force Chief of Staff Richard Gabbert will sit down with Mark Greenberg, crypto exchange Kraken’s vice president of consumer business and product, Anchorage Digital Bank’s Chief Risk Officer Rachel Anderika and Exodus Chief Legal Officer Veronica McGregor. Other representatives will include those from WisdomTree, Fidelity Digital Asset Services, and Fireblocks.

“It is important for the SEC to grapple with custody issues, which are some of the most challenging as we seek to integrate crypto assets into our regulatory structure,” said Peirce, who heads the SEC task force.

Notably, Uyeda was listed as acting chair of the commission at the April 25 event, despite the US Senate confirming that Paul Atkins would head the regulatory body on April 9. It’s unclear when Atkins will be sworn in as SEC chair, but at the time of publication, the regulator had not listed him as a current commissioner.

Related: US gov’t actions give clue about upcoming crypto regulation

Among the topics listed on the roundtable’s agenda are discussions on broker-dealers and custody at investment firms. Demand for digital asset custody in the US has grown in the last few years, especially following the approval of crypto exchange-traded funds in January 2024. The trend has also drawn in traditional financial institutions, including long-standing firms such as BNY Mellon.

Since the inauguration of US President Donald Trump in January and the departure of former SEC Chair Gary Gensler, the agency has seemingly moved in a direction more favorable to the crypto industry by abandoning certain enforcement actions and dismissing efforts in court to expand or maintain its authority over digital assets.

The first of the crypto task force’s roundtable events on March 21 dealt with the status of many tokens as securities. Another on April 11 included discussions on “tailoring regulation for crypto trading.”

Is DOGE infiltrating the SEC?

The roundtable discussions come as reports suggested the “government efficiency” team launched by Tesla CEO and presidential adviser Elon Musk had been given access to the SEC’s systems and data. Acting chair Uyeda has reportedly pushed back on requests by the Department of Government Efficiency, or DOGE – which is not an official US government department — to access SEC data.

DOGE faces criticism and some lawsuits over attempts to fire staff at US government agencies. It’s unclear whether Musk intends to “streamline” the SEC in the same way the group went after the US Agency for International Development and the Consumer Financial Protection Bureau.

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