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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadridge and Dinari Integrate Proxy Voting for Tokenized Stocks

Broadridge and Dinari have integrated their systems to allow eligible holders of Dinaris dShares to exercise voting rights through established proxy voting infrastructure.

user avatarTando Nkube

Google Launches TPU 8tx and TPU 8i Max AI Systems to Challenge Nvidia

Google has launched TPU 8tx and TPU 8i Max AI systems to enhance privacy and memory capabilities, aiming to compete with Nvidia.

user avatarKofi Adjeman

Nvidia's Stock Plummets Amid Scandal and Google’s AI Chip Launch

Nvidia's stock has dropped significantly following CEO Jensen Huang's admission of an extramarital affair, coinciding with Google's announcement of new AI chips.

user avatarNguyen Van Long

FATF to Review Jurisdictions with Weak Virtual Asset Oversight

The Financial Action Task Force (FATF) will review jurisdictions with longstanding shortcomings in virtual asset regulation to identify necessary actions for the upcoming plenary.

user avatarSatoshi Nakamura

Stellar Development Foundation Makes Strategic Investment in Marketnode

On October 29, the Stellar Development Foundation announced a strategic investment in Marketnode to enhance institutional access to tokenized investment products in the Asia-Pacific region.

user avatarJesper Sørensen

Tokenization Efforts in Wall Street Face Challenges

Tokenization efforts on Wall Street face challenges as major companies opt out, highlighting volatility and illiquidity in the market.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.