The SEC’s first-ever crypto roundtable ignited a lively debate among crypto critics and advocates regarding the definition of crypto assets as securities. Former SEC Chairman Gary Gensler’s resignation allowed for increased scrutiny on regulatory roles. The application of the Howey Test was also extensively discussed.

The roundtable saw various legal experts express differing views. Critics voiced concerns about the regulatory approach, while pro-crypto lawyers suggested regulatory humility, indicating multiple stakeholders should influence crypto regulation. Overall, the discussion reflected existing tensions in crypto’s legal landscape.