The SEC announced significant changes in its approach to cryptocurrency regulation, including staff reductions and the introduction of new oversight requirements. These changes are part of a broader shift in cryptocurrency regulation in the United States.
SEC Staff Reduction
The special cryptocurrency enforcement unit will be downsized, with some attorneys transferring to other departments. This change comes with a new requirement for SEC lawyers to seek permission from the presidential administration before launching formal investigations.
New Task Force Led by Hester Peirce
Commissioner Hester Peirce, known in the crypto community as 'Crypto Mom', has been appointed to lead a new Crypto Task Force. On February 4, 2025, Peirce published an article outlining ten priority areas for the task force.
Regulatory Priorities for Cryptocurrencies
On the same day as Peirce's article, 'crypto czar' David Sacks held a press conference with Congress members to discuss regulatory priorities. A key aspect was exploring stablecoin legislation and the potential establishment of Bitcoin reserves for the United States.
The SEC's reorganization aims to reduce regulatory pressure on the digital asset market and develop more transparent rules. The new task force, led by Hester Peirce, is designed to create clear principles for cryptocurrency regulation.
