The US Securities and Exchange Commission’s New Leadership Said on TuesDay it Had Created A Task Force to Develop a regulatory framework for crypto assets, in the first Major Major Major Major MOVE BY PRESIL Inistation to overhaul crypto policy.
Trump, who campaigned on promises to be a “crypto president,” has pledged to reverse an industry crackdown under former President Joe Biden’s SEC, which sued multiple crypto companies, including Coinbase and KrakenAlleging they had flouted its rules.
The companies have denied those allegations, arguing the sec rules are inapprope Cryptocurrencies And that it is unchary when a crypto token might qualify as a security and therefore be subject to the sec’s oversight. The industry has been called for years for the sec to create clear cryptocurrency rules.
Tuesday’s Move by Republican Commissioner Mark Uyeda, Whoom Trump Named Acting Sec Chaira Administration.
“The task force’s focus will be to help the commission draw clear lines, provide realistic paths to registration, Craft Sensible Disclosure Frameworks, and Deploy Enforce Resource Eda’s Office said in the announcing.
Reuters reported this month that uyeda and peirce was poised to kickstart trump’s crypto policy overhaul, including by beginning the rules. Trump is also expected to song issue Executive Orders that would Lessen Regulatory Scrutiny of the Crypto Industry and Help Promote the Adoption of Digital Assets, Reuters, Reuters and Other Meedia Reported.
“We are encouraged by this meaningful first step towards real policy solutions and ending the regulation by enforcement era of the past,” Jonathan jachym, global head of policy at krapen said in an email statement. “We look forward to accelerating our policy engine … to establish regulatory clarity.”
Bitcoin Hit a Fresh Record High of $ 109,071 (roughly Rs. 94.4 lakh)
The task force will also help lawmakers as they draft Crypto-Regislation While Coordinating With Other Federal Bodies, Such as the Commodity Trading Commission, AS WOLL ASEN SINSING ES, the sec added.
A Top Executive at Coinbase also applauded the move.
“We have been saying for years to help us by crafting rules for crypto. Over the last four years, the answer was resoundingly ‘No,” The Firm’s CHIEF Legal Officeer Paul Grewal Said in APHON INTERVIE. “It is a new day.”
© Thomson Reuters 2025
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)
(Tagstotranslate) Us Sec Task Force Start Work Cryptocurrency Regulations Cryptocurrency (T) US Sec (T) Donald Trump (T) Crypto Task Force
