The U.S. Securities and Exchange Commission (SEC) is preparing to overhaul its approach to regulating the cryptocurrency sector, according to Commissioner Hester Peirce.
During the SEC’s first roundtable event for its newly formed “Crypto Task Force,” held on Friday, regulators, legal experts, and leaders from digital asset firms gathered to discuss the future of crypto regulation. Peirce, a long-time supporter of the crypto industry, emphasized that this marks a significant shift in the Commission’s stance toward digital assets.
Peirce explained that the establishment of the Crypto Task Force has empowered SEC staff to approach crypto regulation with renewed focus and enthusiasm. She noted that the task force’s creation has energized the team, sparking a fresh wave of efforts aimed at developing a practical framework for the industry.
The commissioner highlighted the collaborative nature of the roundtable, with participants eager to engage in productive discussions and explore key issues such as the legal status of crypto assets, their market trading, custody, and public offerings. The task force, which was launched earlier this year, is currently working on these critical areas of regulatory concern.
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Source: https://coindoo.com/secs-new-crypto-task-force-aims-to-redefine-digital-asset-regulation/