The government of the President of the United States, Donald Trump, took a first step on Tuesday to reduce regulatory barriers in the cryptocurrency sector.

In a statement, the Securities and Exchange Commission (SEC) announced that its interim chairman, Mark Uyeda, has launched a "cryptocurrency task force" with the goal of "developing a clear and comprehensive regulatory framework for crypto assets."

The Securities and Exchange Commission (SEC), an independent agency responsible for regulating financial markets, announced that the mission of its new task force will be to design new regulatory frameworks and work together with Congress to develop specific rules regarding crypto assets.

Trump, who during his campaign promised to be a "crypto president," is committed to reversing the measures that increased oversight of cryptocurrencies under the administration of Joe Biden (2021-2025), who has sued several companies in the sector, including Coinbase and Kraken, accusing them of violating existing regulations.

The companies have rejected these accusations, arguing that SEC regulation does not fit the nature of the sector and that a clear regulatory framework is still necessary to provide greater certainty to the industry.

The decision announced on Tuesday by Uyeda, whom Trump appointed interim chairman of the SEC on Monday, along with Republican Commissioner Hester Peirce, represents the first regulatory victory for the crypto sector under the new administration.

Following the announcement, Bitcoin reacted positively and rose by about 2.4%, surpassing $106,000.