SEC Task Force Led by Hester Peirce to Establish Clear Crypto Regulatory Framework

by Giorgi Kostiuk

a year ago

With Donald Trump's election and under the leadership of Hester Peirce, the US SEC has formed a new task force to improve crypto regulations.

Mark Uyeda's Appointment and Initial Actions

Following Gary Gensler's departure, Mark Uyeda took over as Acting Chair of the SEC and announced the formation of a new task force to refine the regulatory approach to cryptocurrencies, focusing on registration and disclosure improvements.

Core Goals of the US SEC Task Force

The task force aims to develop a comprehensive regulatory framework for crypto assets. Its responsibilities include establishing clear regulatory lines, pathways to registration, and judicious use of enforcement resources.

State of Crypto Regulations in the US

Despite Gensler's strict approach, the crypto landscape in the US improved in 2024, with the SEC approving Bitcoin ETFs from firms like BlackRock and Fidelity.

"To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively."SEC

With a new administration and task force, the SEC aims to build a clearer, more transparent regulatory system for the crypto industry.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Capital B Secures €152 Million in Private Share Placement

Capital B, a major Bitcoin treasury company in Europe, has successfully raised €152 million through a private share placement, with significant backing from Blockstream CEO Adam Back and asset manager TOBAM.

Diego Alvarezan hour ago

Crypto Investors Rally Behind Solana as a Core Financial Asset

Support for Solana (SOL) is growing among crypto investors who believe it could serve as a key financial infrastructure asset in an agent-driven economy.