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

Kraken Stands Firm Against Extortion Threats

Kraken, the second-largest crypto exchange in the US, has publicly rejected extortion threats from a criminal group after unauthorized access to client support data, emphasizing that its systems were never breached and client funds are secure.

Satoshi Nakamura2 hours ago

XRP Price Predictions Linked to CLARITY Act Resolution

Market analyst Sam Daodu outlines three potential scenarios for XRP's price movement in April, contingent on the US CLARITY Act.

Jesper Sørensen5 hours ago

Analysts Raise Price Targets for SanDisk Following Nasdaq100 Announcement

Following SanDisk's announcement of joining the Nasdaq100, analysts have raised their price targets, with Jefferies setting a target of 1,000 and Citi's Asiya Merchant raising hers to 980, reflecting strong market confidence.

Filippo Romano5 hours ago

SanDisk's Market Position Strengthened by AI Demand and Supply Constraints

SanDisk Corp is the only pure-play NAND company with a 13% global market share, benefiting from AI-driven demand and supply constraints faced by competitors.