DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Mark Uyeda Announces SEC Crypto Asset Task Force To Be Led By ‘Crypto Mom’

January 22, 2025
in News
Mark Uyeda Announces SEC Crypto Asset Task Force To Be Led By ‘Crypto Mom’
499
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Newly-designated U.S. Securities and Exchange Commission (SEC) Acting Chair Mark Uyeda has announced a cryptocurrency task force that will work on providing a clear regulatory framework for crypto assets, and he has appointed Commissioner Hester Peirce to lead the force.

Uyeda announced the task force’s creation just a day after President Donald Trump designated him to the Acting Chair role. He will lead the agency pending Paul Atkins’ Congress confirmation for the chairmanship position.

What is Expected of the Task Force?

“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,” the regulator said in a statement.

“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,” the statement added.

Moving forward, the Wall Street regulator seeks to provide clarity regarding which companies require registration and practical solutions will be provided for those who seek to register.

Also, the Task Force is expected to help the Commission “draw clear regulatory lines” and provide “realistic paths” toward registering digital asset businesses.

The new group has also been tasked with accomplishing the following:

  • Create “sensible” disclosure frameworks for companies in the blockchain and crypto asset business and those who want to enter the space
  • “Judiciously” deploy enforcement resources
  • Operate within the statutory framework as provided by Congress
  • Provide Congress with technical assistance as necessary
  • Coordinate with federal agencies, including the CFTC (Commodity Futures Trading Commission and other international counterparts

Peirce, dearly called “Crypto Mom” in the crypto community, acknowledged that the Task Force’s duties will take time before results come through. “It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties,” she said.

She said the Task Force is looking forward to collaborating with the public “to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”

A Strong Duo to Assist ‘Crypto Mom’

Peirce will be assisted by two other experts appointed to the role by Uyeda.

Richard Gabbert, a senior advisor to Uyeda and was also a counsel to Peirce, will serve as the group’s Chief of Staff. Gabbert was previously with the SEC’s Division of Trading and Markets, Office of Derivatives Policy before providing counsel at the Commissioner’s office.

Taylor Asher, a senior policy advisor to Uyeda, will serve as the Task Force’s Chief Policy Advisor. Before working at the regulatory agency, Asher was a personal aide to Sen. Bill Hagerty, R-Tenn. He was also a part-time crypto fellow at MIT’s Digital Currency Initiative.

A New Dawn in Crypto Regulation

The new SEC Task Force’s formation came amid high hopes that Trump’s second presidency will lead to a more balanced approach in regulating digital assets and blockchain technology.

Taraxa Co-founder Steven Pu previously told International Business Times that under Trump, regulatory agencies will “adopt a less prosecutorial stance toward digital assets.”

At least based on Uyeda’s first move as Acting SEC Chair, Pu’s projection is on point.

The post Mark Uyeda Announces SEC Crypto Asset Task Force To Be Led By ‘Crypto Mom’ appeared first on International Business Times.

Share200Tweet125Share
Bruins End James Hagens’ Stunning NHL Draft Slide
News

Bruins End James Hagens’ Stunning NHL Draft Slide

by Newsweek
June 27, 2025

Just a few months ago, Boston College center James Hagens was in the discussion to be the No. 1 overall ...

Read more
News

Armed homeowner hits intruder with 4 shots, cops say: ‘The safety and protection of one’s home is a fundamental right’

June 27, 2025
News

The Forgotten Stories of the Chinese in America

June 27, 2025
Canada

Trump Throws Temper Tantrum, Launches New Trade War With Canada

June 27, 2025
News

The inference trap: How cloud providers are eating your AI margins

June 27, 2025
Opinion: How Bezos and Sánchez’s Venetian Bacchanal Delivered a Pitch-Perfect Ad for Socialism

Opinion: How Bezos and Sánchez’s Venetian Bacchanal Delivered a Pitch-Perfect Ad for Socialism

June 27, 2025
CM Punk Trolls John Cena With “Basic Thuganomics” Entrance

CM Punk Trolls John Cena With “Basic Thuganomics” Entrance

June 27, 2025
Supreme Court, in birthright citizenship case, limits use of universal injunctions

Supreme Court, in birthright citizenship case, limits use of universal injunctions

June 27, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.