The long-awaited evolution in US crypto regulation took a major step forward on Tuesday. Under the Trump administration, the Securities and Exchange Commission (SEC) announced a new task force aimed at providing clear guidelines on digital assets. The move comes amid anticipation from those who have been hoping for flexible rules since Trump promised to break down barriers for crypto.
The initiative was announced by acting SEC Chair Mark Uyeda and included a proposal to ease the uncertainty that has plagued crypto companies for years. Uyeda’s office announced,
“The Task Force’s focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously,”
SEC commissioner Hester Peirce will overlook the whole SEC initiative. He has always supported to creation clear policies for the crypto industry.
The task force will set security standards for coins and tokens. They will focus on registration guidelines and are looking to coordinate with other agencies like the Commodity Futures Trading Commission to reduce the complexity of the digital asset industry.
Under previous leadership, the SEC used enforcement actions as its primary approach to crypto oversight. Past cases against major exchanges and token issuers often ended in legal battles. Many in the industry found the old strategy frustrating, claiming it created confusion over what was and wasn’t permissible.
“We are encouraged by this meaningful first step towards real policy solutions and ending the regulation by enforcement era of the past,” global head of policy at Kraken Jonathan Jachym said.
The new SEC is more open to sit with the crypto leaders, rather than going for lawsuits. Instead, there will be more public hearing as well as open comment period if any issues arise.
After Trump’s victory, the prize surge of the Bitcoin was unnatural, jumping to a six figure range. This was a reflection of Trump’s promises to create a friendly environment for the blockchain projects. Besides, Donald and Melania Trump showed their personal support by launching official meme coins before Inauguration Day. The $Trump coin showed a 10X price surge in the opening day.
SEC will gather information from investors and legal experts. They are hoping to create regulations, which will not harm the crypto market’s interest. This developments can open a new regulatory path, and show a new way for a new era in American crypto.
