YEREVAN (CoinChapter.com) — The U.S. Securities and Exchange Commission (SEC) has launched a task force to develop clear cryptocurrency regulations. Acting SEC Chair Mark Uyeda made the announcement on Jan. 21, 2025, signaling a focus on regulatory clarity under the Trump administration.
SEC Crypto Task Force Launch. Source: U.S. SECSEC Crypto Task Force to Develop Clear Guidelines
The SEC’s new crypto task force will work on creating a comprehensive framework for the cryptocurrency industry. Commissioner Hester Peirce, known for her support of crypto, will lead the initiative. The task force will focus on resolving issues related to coin registration and disclosure requirements.
The task force will also coordinate with federal agencies such as the Commodity Futures Trading Commission (CFTC), state regulators, and international counterparts. According to the SEC announcement, this collaboration aims to “draw clear regulatory lines” and ensure practical solutions for compliance.
Shift from Previous SEC Policies
This approach marks a shift from the SEC’s earlier reliance on enforcement-driven policies. During Gary Gensler’s tenure as SEC Chair, the agency filed several lawsuits against crypto companies, including Coinbase and Ripple, while rejecting attempts to establish crypto exchange-traded funds. Critics of the enforcement approach argued it created uncertainty for the industry.
Under the Trump administration, there is an evident change in tone. Before his inauguration, President Trump released a meme coin, $TRUMP, while First Lady Melania Trump launched $Melania. Both tokens initially gained value before dropping.
Positive Market Response
The task force announcement was met with optimism in the cryptocurrency market. Bitcoin rose 2.4%, reaching over $106,000. The industry sees the initiative as a step toward reducing ambiguity in regulatory processes.
Bitcoin Price Chart Jan 2025. Source: TradingViewPublic Engagement and Collaboration
The SEC plans to include a wide range of perspectives in shaping the regulations. The task force will hold public hearings and has invited stakeholders, including investors, academics, and industry leaders, to provide input via Crypto@sec.gov.
In addition, the task force will provide technical assistance to Congress for potential updates to legislative frameworks. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor, will support Peirce in overseeing the initiative.
The SEC highlighted the importance of transparency, stating,
“We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”
The task force will work with the CFTC, state regulators, and international organizations to ensure consistency in its approach. This collaboration aims to reduce regulatory overlaps and enhance clarity for market participants.
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