Better Markets, a financial market watchdog, has called out the SEC's cryptocurrency task force for its lack of transparency in policy implementation. In a recent submission to the SEC, the organization argued that the agency's reliance on informal guidance from staff members, without public hearings or formal opinion gathering, is insufficient. The group insists the SEC should adopt formal regulatory procedures, emphasizing that recent cryptocurrency-related guidelines have lacked transparency, public input, and accountability. They advocate for a "notice-and-comment" procedure moving forward, ensuring public engagement in shaping crypto regulations. This critique underscores the growing demand for clear and well-defined rules governing the rapidly evolving cryptocurrency landscape, promoting fairness and investor protection. The future of crypto regulation hinges on open dialogue and transparent processes. ```

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