Catenaa, Friday, January 24, 2025 – SEC Commissioner Hester Peirce, widely known as “Crypto Mom,” has been appointed to head a new crypto task force aimed at establishing a comprehensive regulatory framework for digital assets.
The announcement comes a day after former SEC Chairman Gary Gensler stepped down. Acting Chairman Mark Uyeda launched the initiative, marking a shift from the agency’s previous reliance on enforcement actions to regulate the cryptocurrency industry.
“For too long, the SEC has been retroactive and reactive, often relying on untested legal interpretations,” the SEC acknowledged in a statement Tuesday. The agency admitted to falling short on providing practical solutions for crypto registration and pledged to do better under Peirce’s leadership.
The task force will collaborate with Commission staff and solicit public input to design its framework. “I look forward to Commissioner Peirce’s leadership on this important issue,” said Uyeda.
Known for her crypto-friendly stance, Peirce has long advocated for lighter regulation and criticized the SEC’s enforcement-first approach. She has also championed the approval of cryptocurrency spot ETFs, setting her apart from many of her colleagues.
The move aligns with broader market optimism fueled by Republican President Donald Trump’s inauguration earlier this week, with speculation mounting about potential pro-crypto policies.
The SEC’s new task force is expected to address regulatory uncertainty and foster innovation in the digital asset space.
