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. And, notably, it would be spearheaded by Hester Peirce. 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”
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.
The news is still developing.
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