The U.S. Securities and Exchange Commission (SEC) has appointed Hester Peirce, known as "Crypto Mom," to lead a new cryptocurrency working group aimed at creating a comprehensive and clear regulatory framework for digital assets. This working group was initiated by SEC Acting Chair Mark Uyeda, shortly after the departure of former Chair Gary Gensler. The SEC acknowledges that it has primarily relied on enforcement actions to regulate cryptocurrencies in the past and stated that it will work with committee staff and the public to develop a new framework. Peirce is known for her advocacy of lighter regulation and her opposition to "regulating by enforcement."

<p>SEC Commissioner Hester Peirce (aka “Crypto Mom”) has been appointed to lead a new “crypto task force” at the regulatory agency, focused on creating a “comprehensive and clear regulatory framework for crypto assets.”</p><li>SEC acting chairman Mark Uyeda has launched the task force just one day after former chairman Gary Gensler left the role.</li><li>“To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way,” wrote the SEC in a Tuesday statement.</li><li>For the first time, the agency echoed and acknowledged crypto industry concerns about the absence of “practical solutions for those seeking to register,” and admitted that “the SEC can do better.”</li><li>The task force intends to develop the new framework in collaboration with Commission staff and public input.</li><li>“I look forward to the efforts of Commissioner Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices,” said Uyeda.</li><li>Peirce is famous within the crypto community for favoring lighter regulation, opposing the SEC’s “regulation by enforcement” approach, and defending the launch of crypto spot ETFs long before her fellow commissioners.</li><li>Republican President Donald Trump was inaugurated on Monday, fueling bullish speculation on what pro-crypto actions he and his party may deliver during its early reign.</li>

The SEC has appointed Hester Peirce to lead the cryptocurrency task force to promote the development of a regulatory framework.

The SEC has appointed Hester Peirce to lead the cryptocurrency task force to promote the development of a regulatory framework.