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
Go to Source to See Full Article
Author: Cheyenne Ligon
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
