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HomeCrypto NewsMarketSEC Forms Crypto Task Force to Reshape Regulations Under New Trump Leadership

SEC Forms Crypto Task Force to Reshape Regulations Under New Trump Leadership

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The Securities and Exchange Commission (SEC) has initiated efforts to develop a structured regulatory framework for digital assets. 

On Tuesday, the agency announced the formation of a new crypto task force, marking Acting Chair Mark Uyeda’s first official action after being appointed by President Trump on Monday. Uyeda, a Republican commissioner, will hold the position until the Senate confirms Paul Atkins as the agency’s permanent head.

Task Force Aims to Clarify Crypto Regulations

The newly established task force will be led by Republican Commissioner Hester Peirce, a longtime advocate for balanced crypto regulations. Industry stakeholders have often referred to Peirce as “Crypto Mom” for her support of innovation in digital assets.

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The SEC’s announcement emphasized that the task force will engage with industry participants to create a more transparent and predictable regulatory environment.

The agency outlined several objectives for the task force, including defining clearer regulatory boundaries, providing structured paths for crypto firms to register, and developing comprehensive disclosure guidelines.

Additionally, the task force will focus on deploying enforcement measures more selectively, aiming to enhance compliance without stifling technological advancement. Collaboration with other federal agencies, such as the Commodity Futures Trading Commission (CFTC), will also play a key role in shaping regulatory oversight.

Previous SEC Actions Under Gensler

Under former Chair Gary Gensler, the SEC pursued an enforcement-heavy approach, initiating over 100 legal actions against crypto firms in the past four years. These cases involved allegations ranging from fraud to companies failing to register digital asset sales as securities.

While some lawsuits addressed credible concerns, others raised disputes over the classification of digital assets under existing securities laws.

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Industry participants have frequently criticized the lack of regulatory clarity, arguing that the decentralized nature of crypto makes them distinct from traditional securities. Many have urged regulators and lawmakers to develop a framework tailored to digital assets.

Ripple Responds to Regulatory Shift

With the new task force in place, key figures in the crypto sector have responded to the SEC’s latest move. Stuart Alderoty, Chief Legal Officer at Ripple, pointed to the prior administration’s approach as fostering confusion and discouraging innovation. 

“The SEC’s war on crypto created confusion about what is legal and an environment hostile to innovation and conducive to fraud,” Alderoty says.

He emphasized the need for regulatory clarity, welcoming the task force’s potential role in creating a more constructive regulatory landscape.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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