SEC launches 'crypto task force'
The Securities and Exchange Commission (SEC) is launching “a crypto task force.”
In a Tuesday press release, the SEC described the task force as “dedicated to developing a comprehensive and clear regulatory framework for crypto assets.” The agency also said that the SEC, alongside the task force, will work “to set the SEC on a sensible regulatory path that respects the bounds of the law.”
SEC Commissioner Hester Peirce will head the task force, according to the release. Pierce had been previously floated as possibly taking the place of former Biden administration SEC Chair Gary Gensler under the Trump administration.
“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties,” Peirce said in the release.
“We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation,” she added.
Trump, who had previously called crypto a “scam,” embraced it during his latest campaign and became the first presidential candidate to accept digital assets. His donors could donate to his campaign via its joint fundraising committees, with any cryptocurrency accepted through the Coinbase Commerce product.
Trump’s nominee for SEC chair, Paul Atkins, is pro-crypto, with Trump saying in a Truth Social post last month that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
Topics
-
Why Crypto Advocates Say Trump Shouldn’t Have Launched His Own Cryptocurrency
President Trump’s newly released memecoin could ultimately help delegitimize the rest of the digital currency ecosystem.Inc. - 8h -
Trump's SEC launching 'crypto task force' to develop clear regulations for industry
The Trump administration took its first steps Tuesday toward an expected lowering of regulatory barriers for cryptocurrency.CNBC - 9h -
Nine Palestinians killed as Israeli forces launch major operation in Jenin
Israel's prime minister says the "extensive" operation aims to "defeat terrorism" in the West Bank city.BBC News - 8h -
Trump Coin crashes, recovers and slumps anew following Melania Coin launch. What’s next, for the incoming first family and the crypto industry.
The meme-coin frenzy surrounding President-elect Donald Trump’s launch saw twists and turns over the weekend following the launch of a coin celebrating his wife Melania.MarketWatch - 1d -
Melania Trump launches meme coin as crypto rallies on Donald’s return
President-elect’s $Trump coin more than halved in value before steadily recovering on Sunday. Business live – latest updates The incoming US first lady, Melania Trump, has followed her ...The Guardian - 1d -
Crypto in your pension? It’s not going to help.
U.S. state and local pension funds are looking at speculating on cryptocurrencies to solve their funding crisis.MarketWatch - 3d -
Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors
Digital Currency Group, the crypto firm founded by Barry Silbert, is paying the SEC $38.5 million for misleading investors.CNBC - 4d -
Russia forms emergency task force as Kerch Strait oil spill continues to spread
An emergency task force has arrived in Russia’s southern Krasnodar region to deal with the continuing consequences of an oil spill in the Kerch Strait last monthABC News - Jan. 12 -
Russia forms an emergency task force as Kerch Strait oil spill continues to spread
Yahoo News - Jan. 12
More from The Hill
-
Trump orders FAA to terminate DEI hiring efforts
President Trump on Tuesday issued an executive order directing the Federal Aviation Administration (FAA) to "return to non-discriminatory, merit-based hiring" and eliminate diversity, equity and ...The Hill - 47m -
Federal DEI employees to be placed on paid leave
The Trump administration has directed that all federal diversity, equity and inclusion (DEI) employees be placed on paid leave by Wednesday evening. In a Tuesday memo to heads of departments and ...The Hill - 1h -
Sanders says ‘don’t equate’ Trump, Biden pardons
Sen. Bernie Sanders (I-Vt.) said Americans should not be equating the pardons issued by President Trump and former President Biden. Sanders joined CNN’s “The Source” on Tuesday evening, where he ...The Hill - 2h -
Adams argues Democrats left him behind amid political, legal battles
New York City Mayor Eric Adams (D) said the Democratic Party “left” him and the working class behind as much of his own party has distanced themselves from him and he faces poor polling numbers. ...The Hill - 2h -
Trump shrugs off billions made through meme coin launch
President Trump shrugged off the news that he made billions of dollars through the launch of his new meme crypto coin. During a press conference Tuesday, his first full day back in the White House, ...The Hill - 2h
More in Politics
-
Trump orders FAA to terminate DEI hiring efforts
President Trump on Tuesday issued an executive order directing the Federal Aviation Administration (FAA) to "return to non-discriminatory, merit-based hiring" and eliminate diversity, equity and ...The Hill - 47m -
Federal DEI employees to be placed on paid leave
The Trump administration has directed that all federal diversity, equity and inclusion (DEI) employees be placed on paid leave by Wednesday evening. In a Tuesday memo to heads of departments and ...The Hill - 1h -
Washington bishop asks Trump to ‘have mercy’ on LGBTQ people, immigrants
The Bishop of Washington, Rev. Mariann Edgar Budde, made a plea to President Donald Trump, who was attending the inaugural prayer service, to have “mercy” on Americans, particularly immigrants and ...NBC News - 1h -
First lady Melania Trump makes fashion statement with inauguration hat
First lady Melania Trump made a fashion statement with the wide-brimmed hat she wore to the President Trump's inauguration. NBC News' Valerie Castro has more on the fashion of inauguration day.NBC News - 1h -
Sanders says ‘don’t equate’ Trump, Biden pardons
Sen. Bernie Sanders (I-Vt.) said Americans should not be equating the pardons issued by President Trump and former President Biden. Sanders joined CNN’s “The Source” on Tuesday evening, where he ...The Hill - 2h