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

I want to thank you for your excellent professional representation. It was greatly appreciated.

Michael M.

LATEST NEWS AND ARTICLES

November 7, 2025
FINRA Suspends Former Wells Fargo Broker Over Unapproved Real Estate Venture

The Financial Industry Regulatory Authority (FINRA) suspended former Wells Fargo broker George J. Cairnes for four months and fined him $25,000 for engaging in unapproved real estate outside business activity, according to a settlement letter issued.

November 6, 2025
Former Ameriprise Broker Ordered to Pay $2.2 Million for Elder Exploitation

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Eric A. Dupre to pay nearly $2.2 million in damages to his former firm and two customers following allegations of theft and elder exploitation.

November 5, 2025
Former Wells Fargo Representative Suspended for Unauthorized Texting and Obstruction

The Financial Industry Regulatory Authority (FINRA) has suspended former Wells Fargo representative Eyan M. Townsend for one year and fined him $10,000 for using personal text messages to conduct business and attempting to obstruct an internal investigation by deleting those communications.