SEC Commissioner Hester Peirce will lead the new initiative which aims to establish clearer guidelines for regulating cryptocurrency assets.
The US Securities and Exchange Commission (SEC) has announced the creation of a brand new cryptocurrency task force with the aim of developing a comprehensive and clear regulatory framework for crypto assets.
In a press release, the agency revealed that the task force will invite collaborations from SEC and the public to “draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.”
Commissioner Hester Peirce will head up the new agency-wide initiative, with Senior Advisor to the Acting Chairman Richard Gabbert serving as Chief of Staff, while Senior Policy Advisor to the Acting Chairman Taylor Asher will assume the role of Chief Policy Advisor.
Set up with the intention of shifting the SEC’s previous reliance on enforcement actions, widely criticism by many, the task force will coordinate with other federal agencies including the Commodity Futures Trading Commission (CFTC), state regulators, and international counterparts.
The move comes just hours after President Trump’s 2025 inauguration ceremony, with Acting SEC Chair Mark Uyeda serving on an interim basis before Paul Atkins, Trump’s nominee for the role, takes up the position permanently.
Throughout the course of his presidential campaign, Donald Trump has openly promised a crypto-friendly administration. He then further demonstrated his support for digital currencies by releasing his own $TRUMP meme coin just days after becoming the 47th US president.
Launched alongside the meme coin $MELANIA, released by the first lady Melania Trump, both tokens experienced dramatic initial price surges before crashing in value soon afterwards.
Don’t forget to keep updated with the latest price movements of the world’s most popular digital assets via our Live Cryptocurrency Rates page.
