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New SEC Head Launches Crypto Task Force to Develop Regulatory Framework
New SEC Head Launches Crypto Task Force to Develop Regulatory Framework
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Mark Uyeda, the new acting chair of the Securities and Exchange Commission (SEC), has announced the creation of a new crypto task force named SEC Crypto 2.0. This initiative aims to establish a clear regulatory framework for cryptocurrency assets, addressing the lack of clarity and practical solutions for entities needing to register as securities. The task force will work closely with SEC staff and the public to develop a regulatory path that adheres to legal boundaries. This move marks a shift from the previous administration under Gary Gensler, which was perceived as anti-crypto and relied heavily on enforcement actions with novel legal interpretations.
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