#SECCrypto2.0

The U.S. Securities and Exchange Commission (SEC) has initiated "Crypto 2.0," a comprehensive effort to reform cryptocurrency regulations under new leadership. Acting Chairman Mark T. Uyeda announced the formation of a Crypto Task Force on January 21, 2025, with Commissioner Hester Peirce at the helm. ​

Recent developments include the SEC's inaugural crypto task force roundtable, where participants discussed the applicability of securities laws to digital assets. This event signifies a shift towards clearer regulatory guidelines, moving away from previous enforcement-centric approaches. ​

Additionally, the SEC's decision to drop its case against Ripple Labs has led to a surge in XRP's value, highlighting the evolving regulatory landscape's impact on the crypto market. ​