The U.S. Securities and Exchange Commission (SEC) has taken its first step toward clarifying cryptocurrency regulations following the departure of former Chair Gary Gensler on Jan. 20. The agency announced the formation of a dedicated crypto task force on Jan. 21, signaling a potential shift in approach to digital asset oversight.
The newly created task force will be led by Commissioner Hester Peirce, widely recognized as “Crypto Mom” for her supportive stance on balanced crypto regulation. The group aims to establish a clear framework for digital assets, focusing on drawing regulatory lines, crafting realistic registration pathways, and developing sensible disclosure standards.
The announcement was made by acting SEC Chairman Mark Uyeda, who is temporarily filling the role until former SEC Commissioner Paul Atkins is confirmed by the U.S. Senate to complete Gensler’s term.
SEC Crypto Task Force Members and Objectives
The task force includes Richard Gabbert as chief of staff and Taylor Asher as chief policy adviser. To address the challenges facing the crypto industry, the group plans to host roundtable discussions and gather input from stakeholders.
Additionally, the SEC emphasized collaboration with federal agencies such as the Commodity Futures Trading Commission (CFTC), led by Acting Chair Caroline Pham, as well as state and international regulators.
From Enforcement to Dialogue
Under Gensler and former Chair Jay Clayton, the SEC largely relied on enforcement actions to regulate the crypto industry, targeting firms for alleged violations such as selling unregistered securities. This approach intensified during President Joe Biden’s administration, particularly after the collapse of the FTX exchange.
Now, with Donald Trump beginning his second presidential term, the SEC appears to be shifting gears toward establishing regulatory pathways. This includes clearer definitions of which tokens qualify as securities and improved coordination among federal agencies overseeing the sector.
President Trump, who assumed office on Jan. 20, has yet to comment on cryptocurrency policy. The industry is watching closely for executive orders tied to his campaign promises, such as the potential creation of a federal Bitcoin strategic reserve.
