The post SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force appeared on BitcoinEthereumNews.com.

The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester Peirce. Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving the question of what makes a cryptocurrency a security vs. a commodity, and creating a more “viable” path to registration by modifying the SEC’s existing paths. Other priorities include “provid[ing] clarity about whether crypto-lending and staking programs are covered by the securities laws” and deciding which parts of the market fall outside the SEC’s jurisdiction. The Crypto Task Force was established just two weeks ago, one day after former Chair Gary Gensler — who was known for his so-called regulation-by-enforcement approach to crypto — stepped down. Both Peirce and Uyeda have been vocal in their disapproval of Gensler’s strategy, and have indicated a massive shift in the agency’s approach to crypto regulation under the new Donald Trump administration. Just two days after the task force was created, the SEC rescinded its controversial Staff Accounting Bulletin 121, which Peirce heralded as a “milestone” for the Crypto Task Force in her Tuesday remarks. Read more: SEC Forms New Crypto Task Force Spearheaded by Hester Peirce Comparing the agency’s history of crypto regulation to a family road trip, Peirce said that the Crypto Task Force’s regulatory approach “should be more enjoyable and less risky than the crypto road trip the Commission has taken the industry on for the last decade.” “On that last trip, the Commission refused to use regulatory tools at its disposal and incessantly slammed on the enforcement brakes as it lurched along a meandering route with a destination not discernible to anyone,” Peirce said. Peirce…

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Filed under: News - @ February 5, 2025 7:25 am