U.S. SEC Commissioner Hester Pierce has announced the formation of the agency’s new Crypto Task Force, marking a shift in its approach to cryptocurrency regulation. The task force, now fully operational, is composed of 15 members drawn from various divisions within the SEC.
In a press release, Pierce revealed that the team includes staff from the Acting Chairman’s office and several key SEC units, reflecting a broad selection process. Leading the task force, Pierce emphasized that the group brings extensive expertise and is committed to finding practical solutions to complex regulatory issues in the cryptocurrency space.
The team is structured with a Chief of Staff, Chief Counsel, Chief Policy Advisor, and Chief of Operations, alongside 10 senior advisors from different SEC departments. This diverse composition signals the agency’s intention to tackle a wide range of regulatory challenges faced by the crypto industry.
Following the appointment of the task force, Acting SEC Chair Mark Uyeda launched it with the aim of establishing criteria to determine whether a cryptocurrency qualifies as a security. The task force’s first significant move was clarifying that memecoins are not securities, while cautioning the public about potential scams in the sector.
Pierce has expressed strong support for this new direction, contrasting it with the enforcement-driven approach seen under former Chair Gary Gensler’s leadership. As the primary advisory body on crypto matters, the task force will play a key role in shaping the SEC’s future regulatory stance. The SEC has also dismissed previous actions against platforms like Kraken, Coinbase, and Gemini, signaling a shift away from aggressive enforcement.
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