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The SEC’s Crypto Task Force aims to clarify digital asset regulations with key industry discussions. A shift in SEC policy signals a more lenient stance on crypto classification and enforcement. The U.S. Securities and Exchange Commission (SEC) is set to take a major step toward regulatory clarity with the inaugural meeting of its newly formed Crypto Task Force. Scheduled for the 21st of March at the SEC’s Washington, DC headquarters, the roundtable, titled “How We Got Here and How We Get Out – Defining Security Status,” will be part of the agency’s broader “Spring Sprint Toward Crypto Clarity” initiative. While the main discussion will be live-streamed, select closed-door sessions will offer industry leaders, regulators, and legal experts a more private forum to navigate the complexities of digital asset classification.  Crypto regulation finally in the spotlight Remarking on the same, Crypto Task Force lead Commissioner Hester Peirce said,  “I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto.”  Needless to say, the SEC’s stance on crypto regulation has undergone a notable shift from its earlier, more aggressive approach under the Biden administration. Former SEC Chair Gary Gensler had insisted that most cryptocurrencies were securities, urging firms to register and pursuing multiple lawsuits against industry players. However, the agency has since eased its stance, recently dropping several investigations, including its case against Yuga Labs, OpenSea, MetaMask, and a lot more.  In a further departure from its previous position, the SEC has now clarified that memecoins do not qualify as securities, signaling a more lenient regulatory outlook for certain digital assets. Details of SEC’s crypto task force For those unaware, the SEC’s newly formed Crypto Task Force is taking shape under Acting Chair Mark Uyeda, who appointed Commissioner Hester Peirce to lead the…

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Filed under: News - @ March 4, 2025 5:28 pm