SEC Forms Task Force Led by "Crypto Mom" Hester Peirce

Crypto News Regulation

"Crypto 2.0": SEC Forms Task Force Led by "Crypto Mom" Hester Peirce

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 22, 2025

Key Takeaways

The SEC announced a new task force on January 21, led by Hester Peirce, to tackle cryptocurrency regulation;
The task force will focus on clear rules, compliance pathways, and collaboration with global regulators;
Industry input via roundtable discussions will guide the SEC’s effort to create consistent crypto oversight.

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"Crypto 2.0": SEC Forms Task Force Led by "Crypto Mom" Hester Peirce

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On January 21, the US Securities and Exchange Commission (SEC) announced the creation of a new task force to address cryptocurrency regulation.

The announcement came from Acting SEC Chair Mark Uyeda, who temporarily fills the role while the Senate considers Paul Atkins for the position.

The SEC outlined the task force's goals, which include defining clear regulatory boundaries, creating pathways for compliance, improving disclosure requirements, and using enforcement resources effectively.

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The task force will be led by Commissioner Hester Peirce, known for her support of a balanced approach to crypto regulation. Peirce, often called "Crypto Mom," has been an advocate for frameworks that encourage innovation while ensuring investor protection.

Richard Gabbert will serve as chief of staff, and Taylor Asher will be the chief policy adviser for the team. The group plans to engage with industry participants through roundtable discussions to better understand challenges and refine its regulatory approach.

Collaboration with other government agencies and international regulators will be a key part of the task force’s work.

This includes working closely with the Commodity Futures Trading Commission (CFTC), now led by Acting Chair Caroline Pham, as well as state and global authorities. The aim is to establish consistent rules and avoid regulatory conflicts across jurisdictions.

The creation of the SEC's task force follows the departure of former SEC Chair Gary Gensler on January 20.

Meanwhile, just before Gensler stepped down, the agency filed a lawsuit against Nova Labs. What was the case about? Read the full story.