The United States Securities and Exchanges Commission (SEC) has announced the formation of a cryptocurrency task force. This task force will be dedicated to introducing the much awaited regulatory framework for cryptocurrencies. Interestingly, the announcement comes a day after the SEC’s infamous head Gary Gensler resigned from his position, with the acting chairman – Marl Uyeda being appointed by President Donald Trump.
Notably, it would be spearheaded by Hester Peirce, a long-term crypto-ally. The SEC commissioner’s pro-crypto stance has even earned her the nomenclature “crypto-mom”. The official press release read,
“Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force”
The news is still developing.
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