New submissions have been added to the US Securities and Exchange Commission Crypto Task Force “Written Input” page, increasing pressure on regulators as Congress debates crypto market structure rules.
The filings focus on self-custody protections and how proprietary trading in tokenised assets and decentralised finance markets should be treated under existing securities laws.
One submission was filed by an individual identified as DK Willard, with arguments framed around the interests of retail crypto users in Louisiana.
The second submission was made by the Blockchain Association Trading Firm Working Group, which represents firms active in tokenised and onchain markets.
The Louisiana-focused submission references state law HB 488, which affirms the right of residents to self-custody digital assets without reliance on intermediaries.
It argues that any forthcoming federal crypto market structure legislation should preserve strong registration, transparency, and anti-fraud and anti-manipulation safeguards.
The submission warns that broad exemptions proposed in some federal bills could allow developers and platforms to sidestep core investor protection obligations.