- The SEC forms a crypto task force under Acting Chair Mark Uyeda’s leadership.
- Commissioner Hester Peirce will lead the team in developing clear crypto regulations.
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a dedicated crypto task force. The initiative aims to create a clear regulatory framework for digital assets, signaling a major shift in the agency’s approach under the new Trump administration.
Acting Chairman Mark Uyeda revealed the plan on Tuesday, highlighting a need for clarity in crypto regulations. Commissioner Hester Peirce, known for her pro-crypto stance, will lead the task force. Peirce has criticized the SEC’s previous enforcement-driven methods, advocating for better collaboration with the crypto industry.
New Crypto Task Force Aims for Clear Regulations
The SEC admitted to being confused about its past reliance on enforcement actions. This has made it difficult for crypto entities to understand registration requirements. The new task force will focus on drawing clear regulatory lines and offering practical paths to compliance.
Uyeda emphasized the importance of collaboration. The task force will work with Congress, federal agencies like the Commodity Futures Trading Commission (CFTC), and state and international regulators. These partnerships will provide technical assistance for crafting effective crypto policies.
In a statement, Peirce outlined the task force’s goals. It will engage with investors, academics, and industry participants to foster a supportive environment for innovation. The team will also develop realistic disclosure frameworks and judiciously allocate enforcement resources.
Industry leaders welcomed the SEC’s move. Kraken’s Global Policy Head, Jonathan Jachym, praised the decision as a step toward ending the “regulation by enforcement” era. The announcement comes after former SEC Chairman Gary Gensler, who faced criticism for his anti-crypto stance, resigned.
The SEC said it will hold roundtables and invite public comments via [email protected]. The task force’s creation coincides with the Trump administration’s broader pro-crypto agenda, aiming to reverse previous regulatory crackdowns.
