SEC Crypto 2.0: Chairman Uyeda Announces Formation of New Crypto Task Force

The SEC's Acting Chairman Mark T. Uyeda launched a crypto task force, led by Commissioner Hester Peirce, to develop a comprehensive and clear regulatory framework for crypto assets. The announcement, dated January 21, 2025, says the SEC has relied mainly on enforcement actions, often using novel and untested legal interpretations, and that unclear registration rules have created confusion. The task force will work within the statutory framework set by Congress, coordinate with agencies including the Commodity Futures Trading Commission, and welcomes public input at Crypto@sec.gov, with roundtables expected later.