Source: Cointelegraph Original: "{title}"

Douro Labs' General Counsel Brandon Ferrick stated that the U.S. Securities and Exchange Commission (SEC)'s open attitude towards crypto policy and the hosting of roundtable discussions indicate that the crypto industry is not currently experiencing so-called "regulatory capture."

In an interview with Cointelegraph, Ferrick pointed out some signs of "regulatory capture," including the talent flow (revolving door phenomenon) between regulators and the private sector, the same group of participants always appearing in regulatory activities, and certain crypto projects receiving special treatment. However, Ferrick added:

"I'm not worried at the moment because a lot of the actions we see from regulators, like the SEC, are completely public, transparent, and there are opportunities to engage in dialogue with regulators on how to adjust or rethink the regulatory framework."

The lawyer also stated, "The SEC has a public portal where anyone can submit their written opinions on the crypto regulatory environment, and you can also schedule meetings with them."

As the crypto industry deepens its integration with the traditional financial system and interacts more frequently with state regulators, some analysts and industry executives have begun to worry that the industry may be experiencing "regulatory capture," distorting incentive mechanisms and politicizing this emerging field.

SEC Holds Multiple Roundtable Discussions on Crypto Policy

The SEC has held several roundtable discussions and panel meetings on crypto policy, with plans to continue in the coming months, contrasting sharply with the previous SEC Chairman Gary Gensler's regulatory approach of "enforcement over rules."

On March 21, the SEC held its first crypto roundtable, attended by crypto industry executives, SEC officials, and even some opponents of the crypto industry.

Former SEC official John Reed Stark strongly criticized the crypto industry at the meeting, opposing comprehensive regulatory reform and arguing that digital assets should comply with existing securities laws.

The roundtable held by the SEC on April 11 focused on trading rules and invited various guests to participate in the discussion, including representatives from Uniswap and Coinbase.

The next SEC panel meeting will be held on April 25, focusing on developing guidelines for crypto custodians and other companies that hold crypto assets on behalf of clients.

Related: "Rich Dad Poor Dad" author predicts Bitcoin will reach $1 million by 2035.

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