The Securities and Exchange Commission on Tuesday announced the formation of a dedicated crypto task force, signaling a potential shift in its approach to regulating digital assets.
Acting Chairman Mark Uyeda launched the initiative, appointing Commissioner Hester Peirce to lead the agency-wide effort.
The task force aims to develop a clear and comprehensive regulatory framework for the cryptocurrency industry, an area that has been marked by legal uncertainty and enforcement-driven regulations.
Richard Gabbert and Taylor Asher will serve as Chief of Staff and Chief Policy Advisor, respectively.
The SEC has faced criticism for its reactive enforcement strategy, which has led to confusion about which practices are legal, hindering innovation, and creating opportunities for fraud within the crypto industry.
This new task …
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