Roundtable On Crypto Custody: The SEC Calls On Kraken And Fidelity

The United States Securities and Exchange Commission (SEC) is hosting a roundtable on April 25, 2025, bringing together crypto industry leaders such as Kraken, Fidelity, and Anchorage Digital. The goal: to discuss the challenges of digital asset custody and define future regulations for the crypto sector in the United States.

The SEC Intensifies Its Dialogue with the Crypto Industry

The SEC continues its efforts to regulate the crypto sector and will hold a public roundtable on April 25 entitled “Know Your Custodian: Key Considerations for Crypto Custody.” This third round of discussions aims to address the growing demand for crypto custody solutions, especially following the approval of Bitcoin ETFs in January 2024.

Commissioner Hester Peirce, who leads the SEC’s crypto task force, emphasized the importance of better regulating custody issues, which she considers “among the most complex to integrate into our regulatory framework.” To this end, two main topics will be addressed: custody via broker-dealers, and custody for investment companies.

This event will bring together major players like Kraken, Fidelity, Anchorage Digital, and Fireblocks, and will take place at its headquarters in Washington, D.C. The panel will also include representatives from Exodus, WisdomTree, Copper, Etana Custody, and Distributed Global, alongside academics and legal experts such as those from Georgetown and the University of Pennsylvania.

A More Conciliatory Approach

This initiative is part of a new dynamic for the SEC since Donald Trump assumed the presidency and the end of Gary Gensler’s tenure. The agency now seems to adopt a more conciliatory approach towards the crypto industry, suspending certain controversial legal proceedings and increasing public consultations.

With this series of roundtables — the first focused on the status of tokens and regulation of trading alongside Coinbase — the SEC demonstrates its willingness to collaborate more with crypto companies to develop a clearer and more adapted framework.

By increasing public consultations through its crypto task force, the SEC thus seeks to establish a clear regulatory framework for digital asset custody, thereby promoting the integration of cryptocurrencies into the traditional financial system.