After the Securities Exchange Commission (SEC) held its first cryptocurrency roundtable, Commissioner Hester Peirce shared some key points, noting that the Securities Exchange Commission needs to consider crypto transactions separately from assets. Many crypto assets are not securities themselves, but the main issuance of crypto assets for financing purposes is securities transactions. Therefore, the SEC is willing to accept inquiries on how to conduct such issuance in the form of registered or exempt transactions. The Crypto Task Force welcomes well-reasoned requests for no-action letters or exemptive relief. Note: Hester Peirce currently leads the Securities Exchange Commission Crypto Working Group.