SEC Commissioner Hester Peirce has revealed the priorities of the new crypto task force, aiming to address the regulatory challenges caused by previous administrations. This includes defining which cryptocurrencies are securities and establishing pathways for token offerings.
Under President Trump’s administration, the SEC plans a less hostile regulatory environment, contrasting sharply with prior measures taken during the Biden administration. The goal is to create a clearer regulatory framework for the digital asset industry.
The task force intends to work closely with market participants on tokenization and blockchain technology, aiming to modernize financial processes. Future developments may include enhanced functionalities in crypto ETFs, like staking rewards.