The U.S. Securities and Exchange Commission is launching a crypto task force to clarify the rules of the road for digital assets.
In a press release, the agency says pro-crypto Commissioner Hester Peirce will lead the agency-wide effort.
The move is a clear contrast to the SEC’s stance under the Biden administration, which maintained that the Securities Act of 1933 is enough to protect investors in the emerging industry.
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Today, the SEC under acting Chairman Mark T. Uyeda has a very different message.
“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.
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