#CryptoTaskForce NEW: Hester Peirce announced she will be leading the SEC's Crypto Task Force.
Peirce is focused on creating "clear regulatory framework for crypto assets."
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a new Crypto Task Force, led by Commissioner Hester Peirce, to develop a comprehensive and clear regulatory framework for crypto assets.
This initiative marks a shift from the SEC's previous approach, which relied heavily on enforcement actions and often led to uncertainty within the crypto industry. Acting SEC Chair Mark Uyeda emphasized the need for clarity and practical solutions for those seeking to register, acknowledging that past efforts have been elusive.
The task force aims to balance investor protection, market integrity, and innovation by engaging with industry participants and the public. This collaborative approach seeks to foster a more innovation-friendly environment and reduce confusion and fraud in the crypto space.
Industry leaders have welcomed this move, expressing optimism that it will lead to clearer guidelines and a more supportive regulatory environment for crypto businesses.