๐ฆ๐๐ ๐๐ฟ๐๐ฝ๐๐ผ 2.0: ๐๐ฐ๐๐ถ๐ป๐ด ๐๐ต๐ฎ๐ถ๐ฟ๐บ๐ฎ๐ป ๐จ๐๐ฒ๐ฑ๐ฎ ๐๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐ ๐๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ก๐ฒ๐ ๐๐ฟ๐๐ฝ๐๐ผ ๐ง๐ฎ๐๐ธ ๐๐ผ๐ฟ๐ฐ๐ฒ
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 forceโs Chief of Staff and Chief Policy Advisor, respectively.
Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law.
To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way.
Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.
The Task Forceโs focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.