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

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 Eccleston Law

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.

 

Eccleston Law 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

I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!

David Y

LATEST NEWS AND ARTICLES

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.

1792083058 Law
October 15, 2026
SEC Warns Firms to Improve Private Asset Valuation and Disclosures

The Securities and Exchange Commission (SEC) is pressing financial firms to take greater care when valuing private assets as liquidity tightens and investor redemption requests increase, according to AdvisorHub.

1791996515 Law
October 14, 2026
FINRA Study Finds Advanced Investment Knowledge Does Not Eliminate Fraud Risk

Research using the FINRA Investor Education Foundation's 2024 National Financial Capability Study found that fewer than one in five investors with non-retirement investments demonstrate advanced investment literacy.