The SEC has formed a Crypto Task Force, led by Hester Peirce, to establish clear regulations, support innovation, and ensure market integrity. The initiative aims to address confusion caused by the SEC‘s previous enforcement-focused approach.
An SEC Crypto Task Force has been created, and Commissioner Hester Peirce will be in charge of it. Acting Chairman Mark T. Uyeda announced the move on Tuesday.
As Chief of Staff and Chief Policy Advisor, Richard Gabbert and Taylor Asher will work with experts from across the government to help SEC staff, business people, and the public.
“The SEC has relied too heavily on enforcement actions to regulate crypto, often adopting untested legal interpretations,” Uyeda said.
The task group wants to move toward proactive regulation by making clear legal standards, making registration easy, and making sure the market is honest while encouraging new ideas.
This comes at a time when Uyeda is briefly serving as Chair of the SEC. Paul Atkins is set to take over when President Trump takes office. The goal of the effort is to clear up the crypto industry‘s rules and disclosure frameworks so that there is less confusion caused by the SEC’s previous focus on enforcement.
