Tr?id=566623520170033&ev=PageView&noscript=1

Ä¢¹½´«Ã½

SEC Forms Cryptocurrency Task Force to Develop Clear Regulatory Framework

Posted on February 5th, 2025 at 12:02 PM
SEC Forms Cryptocurrency Task Force to Develop Clear Regulatory Framework

From the desk of Jim Eccleston at Ä¢¹½´«Ã½

According to ThinkAdvisor, the U.S. Securities and Exchange Commission (SEC) has announced the creation of a cryptocurrency-focused task force to establish a "comprehensive and clear" regulatory framework for digital assets. This initiative marks one of the agency’s first major actions under Acting Chair Mark Uyeda, following the resignation of crypto skeptic Gary Gensler as SEC Chair.

The task force will be led by SEC Commissioner Hester Peirce, often referred to as "Crypto Mom" for her criticism of the SEC’s previous enforcement-driven approach to cryptocurrency regulation. Under Gensler’s leadership, the SEC faced industry backlash for failing to provide clear compliance guidelines, instead relying on enforcement actions against companies for alleged securities law violations, ThinkAdvisor reports.

The task force will collaborate with Congress and other federal agencies, including the Commodity Futures Trading Commission (CFTC), to develop a regulatory framework. The SEC and CFTC have long debated which agency should have primary oversight of the cryptocurrency sector, according to ThinkAdvisor.

The formation of the task force suggests a shift in the SEC’s approach to digital asset regulation, prioritizing clarity and collaboration with both government and private sector stakeholders.

 

Ä¢¹½´«Ã½ LLC represents investors and financial advisors nationwide in insecurities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

1786734880 Law
August 14, 2026
Cash Sweep Litigation Continues to Drive Legal Costs

Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.

1786636784 Law
August 13, 2026
FINRA Orders Centaurus Financial to Pay $1.1 Million Over Variable Annuity Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered Centaurus Financial Inc.

1786553985 Law
August 12, 2026
Proposed FINRA Enforcement Reforms Draw Mixed Reactions From Industry Participants

A new report recommending changes to the Financial Industry Regulatory Authority's (FINRA) enforcement program has generated mixed reactions from investor advocates, securities attorneys and industry professionals, according to ThinkAdvisor.