Are the tides turning? Digital assets are slowly entering the
conversation alongside traditional assets. What was once ethereal
and somewhat elusive, operating outside the confines of the U.S.
securities regime and in the dark, is now being pulled into the
light... maybe.
On January 21, 2025, the Acting Chairman of the Securities and
Exchange Commission (the "SEC"), Mark T.
Uyeda, launched a Crypto Task Force, a first for the SEC. At the
head of the Crypto Task Force is SEC Commissioner Hester
Peirce.1 Given her support for cryptocurrency, crypto
enthusiasts affectionately refer to Hester Peirce as 'Crypto
Mom'.2 In the past, with former SEC Chair Gary
Gensler at the helm, the SEC relied on enforcement actions to
regulate crypto. Now, instead of enforcement proceedings, the
Crypto Task Force seeks to regulate crypto by developing a clear
and comprehensive regulatory framework. Only time will tell how it
is implemented and how it will impact blockchain companies
