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If you already have a trusted email linked to your Pi account, you can use it to start 2FA. You'll need to add one if you don’t have one yet. The Pi mining app will ask you to do a “liveness check.” This is a quick step to prove you’re a real person and the email belongs to you.
Only Pioneers who have passed KYC (Know Your Customer) verification, or at least tentative KYC, can now add a trusted email.
Your trusted email is super important because it is also used to recover your account if you forget your password or lose access. So, pick an email you own and can always get into.
If you use a random email you don’t control, you won’t be able to finish 2FA or recover your account later. That could stop you from migrating your Pi or getting it back if something goes wrong.
After a mining session, you might see a prompt asking you to complete 2FA in the app. Pioneers will also get an email from “[email protected]” about it. You can also start 2FA yourself through the Mainnet Checklist in the app. In the 2FA screen, you’ll confirm your migration wallet (the one your Pi will go to). After that, you’ll get an email to verify everything. Follow the instructions to finish. NOTE: Only trust emails from “[email protected].” Other emails could be scams trying to trick you into giving away your info. What Happens If You Don’t Complete 2FA? When you migrate your Pi to the Mainnet, there’s a 14-day waiting period before it’s final. During this time, your Pi is locked and can’t be used. This waiting period is there for safety reasons, like ensuring everything is correct before it’s permanent. If you migrated your Pi in the last few weeks (but are still in the 14-day period) and haven’t done 2FA, your Pi might get sent back to the mining app. This is a safety feature to protect your account. Once you complete 2FA, your Pi will go back into the migration process, and you’ll get the same amount, or maybe a little more if you’ve mined extra since then. If you finish 2FA before the 14-day period ends, your Pi won’t be returned, and the migration will continue as planned. Details About Pi Returns Here’s what you need to know if your Pi gets sent back: The 14-day waiting period is expected. It gives Pi Network time to double-check that your Pi is safe and going to the correct wallet. If your Pi is returned, it might appear in your “Unverified Balance” instead of your “Transferable Balance” in the app. Don’t worry; this doesn’t mean you’re losing Pi. The app just shows a rough estimate of your balance. When you migrate again after 2FA, you’ll get the full amount you had before or slightly more. Returns like this can lower the total amount of Pi in circulation for a little while. However, the supply will adjust as Pioneers finish 2FA and migrate again. Why These Features Exist Pi Network uses 2FA and the return process to keep your Pi safe. Blockchain transactions can’t be undone once they’re final, and your Pi Wallet is “noncustodial,” meaning you only control it, not Pi Network. These extra steps ensure your Pi ends up with you, not someone else. What You Should Do Now If you’ve completed all the steps on the Mainnet Checklist and are waiting for your Pi to migrate, here’s your action plan, as obtained from the protocol’s blog: Add a trusted email if you haven’t already done so. Watch for prompts in the app or emails from “[email protected]” to complete 2FA. Finish 2FA as soon as you can to avoid delays or returns. These steps will help ensure your Pi moves to the Mainnet blockchain smoothly and stays secure. It’s all about protecting what you’ve earned as a Pioneer.
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Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force.
Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively.
Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law.
To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way.
Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.
The Task Force’s focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously. #SECCrypto
#SECCrypto2.0 SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force Commissioner Hester Peirce will lead agency-wide effort For Immediate Release
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The U.S. Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations.
Among the participants of the roundtable were John Reed Stark, former chief of the SEC’s Office of Internet Enforcement, Miles Jennings, the general counsel for Andreessen Horowitz’s crypto arm, a16z, and former SEC Commissioner Troy Paredes. Republican SEC Commissioner Hester Peirce is leading the task force, which is charged with developing rules and guidance for crypto.
“Spring signifies new beginnings and we have a new beginning here, a restart of the commission’s approach to crypto regulation,” said Peirce.
The crypto industry has long clashed with regulators over how federal securities laws translate to digital assets, with many arguing that crypto tokens are more akin to commodities. Tokens classified as securities would require firms to register with the SEC and provide certain disclosures to investors