Trump’s SEC Overhaul: On Day 1 Uyeda Announces Crypto Taskforce Led By Hester Peirce...
The Trump administration has wasted no time in following up on its crypto promises as on day one in his new role, acting SEC chairman Mark T. Uyeda has announced a new crypto task force headed up by none other than 'crypto mom' Hester Peirce.
The U.S. Securities and Exchange Commission (SEC) has unveiled a new task force aimed at establishing a clear and comprehensive regulatory framework for crypto assets. Announced by Acting SEC Chairman Mark T. Uyeda, the initiative will be led by Commissioner Hester Peirce, who has been a prominent advocate for reasonable crypto regulation in the past.
The task force, which includes Richard Gabbert as Chief of Staff and Taylor Asher as Chief Policy Advisor, is designed to address growing concerns over the SEC’s approach to crypto oversight. Critics have long argued that the agency’s reliance on enforcement actions and ambiguous legal interpretations has created confusion, stifled innovation, and failed to protect investors adequately.
“The SEC can do better,” said Uyeda. “This task force will collaborate with staff across the Commission and the public to develop a regulatory framework that is clear, practical, and within the bounds of the law.”
The task force’s priorities include defining clear regulatory requirements, establishing realistic paths to registration for crypto-related entities, and creating practical disclosure frameworks. It also aims to deploy enforcement resources more strategically, focusing on fostering a fair and transparent market.
Operating under the statutory framework set by Congress, the task force will work closely with lawmakers, other federal agencies such as the Commodity Futures Trading Commission, and state and international regulators.