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SEC's cryptocurrency task force announces plan to escape the "mess" of regulations

Hester Peirce, the SEC commissioner long known by the nickname "Crypto Mom," presented how the regulatory agency will oversee the digital asset sector through the new cryptocurrency task force, while strongly criticizing the previous administration's strategy.

In a letter sent on Tuesday, Peirce, who was appointed as the head of the task force last month, pointed out that the SEC will need a long time to catch up and adjust regulations for this dynamic and complex industry.