Mark Ueda, acting chairman of the US Securities and Exchange Commission, launched the Cryptocurrency Task Force
The US Securities and Exchange Commission (SEC) has announced the formation of a new task force dedicated to regulating cryptocurrencies. Acting President Mark T. Ueda unveiled the initiative on January 21, 2025, with Commissioner Hester Peirce taking the lead.
The task force aims to create a clear and comprehensive regulatory framework for crypto assets, addressing long-standing confusion in the industry.
US Securities and Exchange Commission Mark Ueda Launches Cryptocurrency Task Force
Commissioner Hester Peirce will chair the task force as it works to clarify rules for cryptocurrency companies and investors. Efforts will focus on establishing well-defined registration requirements and realistic paths to compliance.
Richard Gabbert, Acting Senior Advisor to the President, will serve as Chief of Staff of the Task Force, while Taylor Asher, Acting Senior Advisor to the President, will serve as Senior Policy Advisor. According to the SEC, employees from various departments will contribute to this initiative.
Speaking about the formation of the task force, Acting Chairman Ueda stated, “I look forward to Commissioner Pierce’s efforts to lead regulatory policy on cryptocurrencies, spanning multiple divisions and offices of the SEC.”
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Kelvin Munene Muriithi
Kelvin is a distinguished writer with experience in cryptocurrencies and finance, and holds a bachelor’s degree in actuarial science. Known for his incisive analysis and insightful content, he is fluent in English and excels at conducting comprehensive research and providing timely cryptocurrency market updates.
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