SEC Shifts Crypto Strategy Under New Acting Chair

The U.S. Securities and Exchange Commission (SEC) is undergoing a strategic shift in its approach to cryptocurrency regulation, marked by the creation of a new Crypto Task Force led by Commissioner Hester Peirce. This initiative moves away from previous enforcement-heavy tactics under former Chair Gary Gensler and aims to clarify regulatory frameworks for digital assets. Key objectives include distinguishing between securities and commodities, streamlining registration processes, and addressing crypto lending and staking programs. The change follows Mark Uyeda's appointment as acting SEC Chair, under whom resources are being reallocated away from strict crypto enforcement. Additionally, the task force plans to collaborate with international bodies to develop cross-border regulatory frameworks. The initiative represents a significant policy shift, balancing innovation with investor protection in the evolving crypto market.