SEC launches crypto task force
Peirce has previously criticized the agency’s approach to crypto regulation, and was an early advocate for it to approve exchange-traded vehicles that invest in crypto.
“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,” the regulator said in a statement on Tuesday.
The agency also signalled a decisive break with its previous approach to the crypto sector, which has been led by enforcement action alleging violations of traditional securities rules.
“To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively,…
