The U.S. Securities and Exchange Commission (SEC) has unveiled a new task force aimed at establishing a clear and comprehensive regulatory framework for crypto assets. Announced by Acting SEC Chairman Mark T. Uyeda, the initiative will be led by Commissioner Hester Peirce, who has been a prominent advocate for reasonable crypto regulation in the past.

The task force, which includes Richard Gabbert as Chief of Staff and Taylor Asher as Chief Policy Advisor, is designed to address growing concerns over the SEC’s approach to crypto oversight. Critics have long argued that the agency’s reliance on enforcement actions and ambiguous legal interpretations has created confusion, stifled innovation, and failed to protect investors adequately.

“The SEC can do better,” said Uyeda. “This task force will collaborate with staff across the Commission and the public to develop a regulatory framework that is clear, practical, and within the bounds of the law.”

The task force’s priorities include defining clear regulatory requirements, establishing realistic paths to registration for crypto-related entities, and creating practical disclosure frameworks. It also aims to deploy enforcement resources more strategically, focusing on fostering a fair and transparent market.

Operating under the statutory framework set by Congress, the task force will work closely with lawmakers, other federal agencies such as the Commodity Futures Trading Commission, and state and international regulators.

“This initiative will require time, patience, and input from a broad range of stakeholders,” Commissioner Peirce stated. “We are committed to working with investors, industry participants, academics, and others to create a regulatory environment that protects investors, facilitates capital formation, supports innovation, and ensures market integrity.”

The task force plans to host public roundtables to gather insights and welcomes input via email at [email protected]. This collaborative approach, the SEC hopes, will build a regulatory foundation that balances innovation with investor protection and market stability.

As promised by President Trump during his election campaign, the SEC’s rapid movement reflects a significant shift in its approach to crypto regulation, signaling what appears to be proactive engagement with industry stakeholders in stark contrast to the policies of the Biden administration.