The U.S. Securities and Exchange Commission (SEC) has launched a Crypto Task Force website to gather public input and address regulatory concerns in the crypto industry.
Fixing Past Mistakes
The new website serves as an active feedback channel from users including developers and investors. The task group's goal is to clear up the regulatory chaos, as described by SEC Commissioner Hester Peirce, the new leader of the initiative.
Regulatory Focus
The initial focus will be on defining which crypto assets qualify as securities. Initiatives are expected to lead to legal classifications for tokens and coins. Temporary relief for token issuers under certain conditions is also considered.
International Collaboration
The task force will collaborate with international regulators to address cross-border risks. Hester Peirce emphasized the importance of global cooperation in tackling crypto regulatory issues.
The SEC task force focuses on investor protection and market integrity, offering a new regulatory approach. However, it does not give official endorsement to any project, focusing instead on protecting investors from risks.
