The United States Securities and Exchanges Commission (SEC) has announced the formation of a cryptocurrency task force. This task force will be dedicated to introducing the much awaited regulatory framework for cryptocurrencies. Interestingly, the announcement comes a day after the SEC’s infamous head Gary Gensler resigned from his position, with the acting chairman – Marl Uyeda being appointed by President Donald Trump.
Notably, it would be spearheaded by Hester Peirce, a long-term crypto-ally. The SEC commissioner first made headlines for rallying in support of Bitcoin Exchange-Traded Funds (ETFs) and her pro-crypto stance has even earned her the nomenclature “crypto-mom”. The official press release read,
“Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively.”
The news is still developing.
