SEC Launches New Task Force to Regulate Crypto Assets

The U.S. The Securities and Exchange Commission (SEC) has formed a new task force that will be in charge of creating a clear regulatory framework for crypto assets.

The initiative was presented today by Acting SEC Chairman Mark T. Uyeda and will be led by Commissioner Hester Peirce. 

Richard Gabbert, the Senior Advisor to Acting Chairman Uyeda, will serve as the Chief of Staff. While Taylor Asher, the Senior Policy Advisor, will be the Chief Policy Advisor.

SEC Launches New Task Force | Source: SEC

According to the announcement, the task force will concentrate on the main components of crypto asset regulations, registration protocols, pragmatic disclosure policies, and proper implementation of regulatory measures. 

The SEC has, for a long time, dealt with crypto regulation in a more reactive manner, mainly through enforcement actions.

In a statement, the Commissioner Peirce pointed out the need for a wide range of stakeholder input. 

“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties.” she said.

The new Task Force welcomes the public to provide valuable inputs and anticipates holding roundtables in the future.