SEC's New Crypto Task Force Targets Regulatory Clarity and Innovation
by aria-crypto.com
February 5, 2025 at 04:59
SEC's New Crypto Task Force Targets Regulatory Clarity and Innovation
The U.S. Securities and Exchange Commission (SEC), under the guidance of Commissioner Hester Peirce, has initiated a significant pivot in crypto regulation with the formation of a new Crypto Task Force. Known affectionately as “Crypto Mom,” Peirce is steering the task force away from the SEC's historically enforcement-heavy tactics, aiming instead for regulatory clarity and supportive measures for the crypto sector. The newly launched task force focuses on determining the classification of cryptocurrencies as securities or commodities, streamlining the registration process for crypto firms, and examining the legal status of crypto lending and staking activities. This shift comes after Gary Gensler's resignation as SEC Chair, whose tenure was noted for a stringent regulatory approach that many criticized as opaque and punitive. Peirce's vision contrasts sharply with previous strategies, advocating for the development of fair and transparent guidelines over punitive measures. Moreover, the SEC is also examining new applications for crypto ETFs, including those for cryptocurrencies like XRP, Solana, and Dogecoin, with a commitment to clear communication on regulatory decisions.
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