The United States Securities and Exchanges Commission (SEC) has announced the formation of a cryptocurrency task force. This working group will be devoted to introducing the long-awaited regulatory framework for cryptocurrencies. Interestingly, the announcement comes a day after the SEC’s infamous head Gary Gensler resigned from his position, with the acting chairman – Marl Uyeda appointed by President Donald Trump.
Notably, it would be led by Hester Peirce, a long-term crypto ally. The SEC commissioner’s pro-crypto stance has even earned her the nomenclature “crypto-mom.” The official press release read,
“Today, SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for cryptoassets. Commissioner Hester Peirce will lead the task force”
The news is still developing.
