ARTICLE · 31 JANUARY 2025

SEC Launches New Crypto Task Force

Holland & Knight

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The SEC is wasting no time in signaling a sea change in its approach to crypto. On Jan. 21, 2025 – the first full day of the new Trump Administration – Acting Chair Mark T. Uyeda launched...

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Andrew W. Balthazor

Jessica B. Magee

Allison Kernisky

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The SEC is wasting no time in signaling a sea change in its approach to crypto. On Jan. 21, 2025 – the first full day of the new Trump Administration – Acting Chair Mark T. Uyeda launched a new crypto task force focused not on enforcement but instead on "set[ting] the SEC on a sensible regulatory path that respects the bounds of the law."

Leading the task force will be Commissioner Hester Peirce, dubbed "crypto mom" by many for her support of innovation and evolution in the crypto industry while also opposing a so-called "regulation-by-enforcement" approach previously taken by the Commission under former Chair Gary Gensler.

In announcing its newly launched task force, the SEC described its goals and a new direction for its approach to crypto, which can be summed up as follows:

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