The U.S. Securities and Exchange Commission (SEC), under Commissioner Hester Peirce, is advancing efforts to modernize crypto regulation and integrate blockchain technology into securities markets. Peirce has proposed a potential exemption from registration that would allow firms to issue, trade, and settle securities using distributed ledger technology (DLT), marking a shift toward a more technology-neutral regulatory framework. This initiative includes the creation of a sandbox-style pilot program to facilitate on-chain tokenized securities, bridging traditional finance (TradFi) and decentralized finance (DeFi). The SEC's Crypto Task Force is actively engaging with industry stakeholders, including upcoming public roundtables focused on tokenization and bringing traditional assets on-chain. The U.S. Treasury is also organizing private roundtables with crypto industry members to discuss various ecosystem areas such as decentralized finance, banking, and cybersecurity. Despite ongoing litigation affecting crypto exchange-traded fund (ETF) filings, Peirce emphasized the importance of patience and criticized the management of the spot Bitcoin ETF approval process. Industry representatives, including those from the New York Stock Exchange and blockchain firms, have expressed optimism about the administration's approach, viewing it as a step toward financial transformation and modernization of market infrastructure.