YEREVAN (CoinChapter.com) — Hester Peirce has revealed details about the SEC’s Crypto Task Force, a new unit that will change the agency’s approach to crypto regulation. The task force will shift certain enforcement responsibilities away from the SEC, reassess asset classifications, and focus on defining clearer regulatory boundaries.
Peirce emphasized that while the SEC will continue targeting fraud, it will also address the uncertainty surrounding digital assets. She criticized the previous approach under former SEC Chair Gary Gensler, describing it as imprecise and impractical.
Crypto Task Force Overview. Source: SECSEC Changes Its Approach to Crypto Oversight
The Crypto Task Force was formed under Acting SEC Chair Mark Uyeda in January. Peirce stated that past policies lacked legal clarity, leaving many projects uncertain about compliance. She noted that Paul Atkins is expected to take over as SEC Chair, working alongside commissioners with prior experience in crypto-related policies. This shift in leadership marks a departure from past enforcement strategies.
SEC Crypto Task Force Launch. Source: U.S. SECPeirce stressed that the SEC will not endorse any digital asset, reiterating that the agency’s role is to regulate, not promote specific cryptocurrencies. She highlighted that the task force’s focus will include token offerings, crypto lending, staking, and exchange-traded products. The SEC will reassess asset classifications to determine whether certain tokens fall under commodity or security regulations.
Crypto Asset Classifications Under Review
Determining whether digital assets qualify as securities or commodities remains a major challenge. The Crypto Task Force will reassess these classifications, which could shift some regulatory responsibilities beyond the SEC’s jurisdiction. Peirce acknowledged that past enforcement actions left many crypto businesses uncertain about compliance requirements.
The SEC’s new approach will impact token offerings, lending platforms, and staking programs. Peirce noted that by defining clearer regulatory frameworks, the agency aims to provide more transparency to crypto projects while still maintaining oversight on fraudulent activity.
SEC Adjusts Crypto Compliance Processes
Processing delays have been a major issue, with the SEC receiving a high volume of crypto-related applications. Hester Peirce acknowledged that the agency has struggled with reviewing filings efficiently. The Crypto Task Force will work to clarify compliance requirements, particularly for registration applications, exemptive relief requests, and no-action letters.
She noted that well-prepared applications with clear legal reasoning will have a better chance of moving through the process without unnecessary delays. The task force’s objective is to define legal standards that make it easier for crypto businesses to comply with regulations.
New SEC Priorities for Crypto Regulation
The task force will also address crypto staking and lending programs, determining whether they fall under securities laws. Peirce emphasized that the SEC will continue enforcing anti-fraud measures, while also working with international regulators to establish cross-border crypto compliance.
The SEC’s new approach aims to balance regulatory oversight with clearer guidelines. While enforcement remains a priority, Peirce made it clear that the Crypto Task Force will work toward providing more transparency in crypto regulation.
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