The US Securities and Exchange Commission (SEC) crypto task force, led by Hester Peirce, continues to engage with digital asset company representatives as the agency explores regulatory changes. In a notice dated April 24, the SEC task force revealed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell to discuss the issuance and sale of wrapped, tokenized versions of publicly traded US securities. Ondo Finance, a donor of $1 million to Donald Trump’s inauguration fund, was in discussions regarding registration requirements for tokenized securities, compliance with financial laws, and potentially launching a regulatory sandbox. The task force’s outreach to the industry follows the appointment of former commissioner and Trump appointee Paul Atkins as the new SEC chair on April 21. Atkins is yet to take action on his proposed crypto agenda. On April 25, the crypto task force will host a roundtable event to discuss custody, with representatives from Kraken, Anchorage Digital Bank, WisdomTree, and others. The SEC’s stance on pursuing crypto enforcement cases under Atkins remains uncertain. The commission has indicated it will continue to address fraudulent activity but dropped a complaint against Hex founder Richard Heart on April 21. Additionally, the SEC announced the cessation of investigations or lawsuits against firms like Ripple, Coinbase, and Kraken, all of which have ties to Trump’s 2024 campaign or inauguration fund. The approval of crypto exchange-traded funds in 2024 has led to a significant increase in demand for digital asset custody services in the US.