As the SEC moves forward with its pro-crypto agenda under the Trump administration, Commissioner Caroline Crenshaw questions whether the Commission's promotion of blockchain technology might be seen as government favoritism. During a recent crypto-focused roundtable, Crenshaw challenged the SEC's role in advocating for specific blockchain implementations, raising concerns over the implications of hosting finance firms to discuss adopting this technology. She emphasized the importance of regulatory neutrality and the need for caution in integrating blockchain with traditional securities markets. Crenshaw highlighted potential pitfalls, such as operational risks in real-time settlement and questioned the assumptions that efficiency gained from blockchain would outweigh existing benefits of current market structures. In contrast, Commissioner Hester Peirce acknowledged the transformative potential of blockchain while agreeing that deliberation is necessary. As Congress pushes crypto-related legislation, the discourse around regulation and integration continues to evolve, with significant implications for the future of the crypto industry.

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