#Trump: I Love $TRUMP# US SEC Advances SECCrypto2.0 Plan

The U.S. Securities and Exchange Commission (SEC) recently established a special working group on cryptocurrency aimed at developing a comprehensive regulatory framework for digital assets. This working group is led by acting chair Mark Uyeda and Commissioner Hester Peirce, marking a significant shift in cryptocurrency policy under the Trump administration.  

Previously, the SEC primarily regulated the cryptocurrency industry through enforcement actions, a method that has drawn criticism from the industry for lacking clear regulatory guidance. The newly formed working group aims to clarify regulatory boundaries, provide realistic pathways for registration, establish reasonable disclosure frameworks, and prudently deploy enforcement resources. 

Commissioner Hester Peirce has long advocated for greater regulatory clarity for the cryptocurrency industry. She stated that the working group will collaborate with a wide range of stakeholders including investors, scholars, and industry leaders, striving to achieve a balance between protecting investors, maintaining market integrity, and promoting innovation.