- SEC has launched Crypto Task Force to clarify cryptocurrency regulation and improve oversight.
- Led by Commissioner Hester Peirce, the task force includes experts from various divisions.
- SEC has dropped lawsuits against ConsenSys, Tron, Gemini, Coinbase, and Robinhood, signaling change.
On January 21, 2025, the U.S. Securities and Exchange Commission (SEC) announced the creation of a new Crypto Task Force, aimed at developing a clearer regulatory structure for cryptocurrency assets. Many in the crypto industry expect this step to bring more guidance for digital assets.
The task force is under SEC Commissioner Hester Peirce and reflects stronger regulatory control for the crypto space under Acting Chairman Mark T. Uyeda.
In a new update, Peirce revealed the full roster of the Crypto Task Force , which will give the SEC expert advice on digital asset policy. She said the members bring broad knowledge and a drive to find practical solutions.
Key Members of the Task Force
The group includes advisors from multiple SEC divisions. Leading roles are:
- Richard Gabbert, Chief of Staff
- Michael Selig, Chief Counsel
- Taylor Asher, Chief Policy Advisor
- Sumeera Younis, Chief of Operations
- Landon Zinda, Senior Advisor
- Donald Battle, Senior Advisor
- Bernard Nolan, Senior Advisor
- Laura Powell, Senior Advisor
- Veronica Reynolds, Senior Advisor
- Christopher Rice, Senior Advisor
- Mark Sater, Senior Advisor
- Andrew Schoeffler, Senior Advisor
- Frank Sensenbrenner, Senior Advisor
- Robert Teply, Senior Advisor
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Task Force’s Role and Early Impact
After the announcement of the new Task Force, the SEC and Binance jointly requested a 60-day pause in the SEC’s lawsuit against the crypto exchange, citing the possible effects of the Task Force. What followed was surprising. The SEC dropped cases against ConsenSys, Tron, and Gemini.
On February 21, Coinbase CEO Brian Armstrong shared that the SEC had agreed to drop its lawsuit against Coinbase. Robinhood also revealed that the SEC had officially closed its investigation into the company’s crypto operations without filing any charges.
Related: President Trump to Speak at First-Ever White House Crypto Summit on March 7
These moves mark a major step forward in the SEC’s approach to digital asset regulation, with the task force expected to play a pivotal role in shaping the future of cryptocurrency laws and policies.
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