Trump's SEC launching ‘crypto task force' to develop clear regulations for industry

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Trump's SEC launching ‘crypto task force' to develop clear regulations for industry
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The Trump administration took its firs steps Tuesday toward an expected lowering of regulatory barriers for cryptocurrency. In a long-awaited move from the…

The Trump administration took its firs steps Tuesday toward an expected lowering of regulatory barriers for cryptocurrency.

In a long-awaited move from the digital assets industry, the Securities and Exchange Commission announced that acting Chair Mark Uyeda has launched a"crypto task" force aimed at"developing a comprehensive and clear regulatory framework for crypto assets."Though Uyeda announced the initiative, it will be led by SEC Commissioner Hester Peirce. Uyeda is holding the chair set until Paul Atkins gets through the confirmation process and providing enforcement resources.

According to the SEC announcement, the panel's task will be to develop a clear set of rules while also addressing issues regarding registration of coins "We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation," Peirce said.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyTrump laid out a sweeping energy agenda. Here are all the key actions

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