One morning after SEC Chair Gary Gensler departed alongside the commencement of President Donald Trump, the U. S. Securities and Exchange Commission announced a blockchain task force Tuesday in a figured news that’s important of the firm’s past actions.
” Drawing from talented workers across the company, the work force will work with Commission employees and the public to fixed the SEC on a sensible regulation way that respects the bounds of the law,” the statement reads. ” To day, the SEC has relied mostly on enforcement actions to govern crypto retrospectively and dynamically, often adopting tale and untested legal views along the way. Clarity regarding who has file, and practical options for those seeking to record, had been obscure. “
” The result has been misunderstandings about what is legitimate, which creates an environment hostile to creativity and conducive to scam,” it continued. ” The SEC may perform better. “
The SEC’s Acting Chairman Mark Uyeda, appointed to the responsibility on Monday, announced the news Tuesday. SEC Commissioner Hester Peirce, a observed bitcoin activist who has earned the friendly name” Crypto Mom,” will guide the work force.
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