SEC creates Crypto Task Force – Ledger Insights
Amongst his first acts following his appointment as Acting Chair of the Securities and Exchange Commission (SEC), Mark Uyeda created a Crypto Task Force to be led by Commissioner Hester Peirce, also known as ‘Crypto Mom’.
He called this the ‘SEC Crypto 2.0’ approach. For the last few years, both Commissioners Uyeda and Peirce have bemoaned the strategy of regulation by enforcement under Chair Gensler.
The statement announcing the task force says, “Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.”
Mr Uyeda…
