The U.S. Securities and Exchange Commission has announced the formation of a new cryptocurrency task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. This initiative is led by SEC Commissioner Hester Peirce, a long-standing advocate for the crypto industry. (AMBCrypto)
Acting SEC Chairman Mark Uyeda emphasized that the task force aims to "draw clear regulatory lines, provide realistic pathways for registration, create sensible disclosure frameworks, and deploy enforcement resources prudently." (Reuters)
This move aligns with the broader agenda of the current administration under President Donald Trump, who has expressed intentions to reverse the previous administration's stringent stance on cryptocurrencies. The task force is expected to collaborate with legislators and other regulatory bodies to establish a cohesive approach to digital asset regulation. (Reuters)
The crypto market has responded positively to this development. Bitcoin, for instance, experienced a 2.1% increase, reaching $106,000.(Barron's)
