U.S. Securities & Exchange Commission Creates "Crypto Taskforce"

[Webster]

(The Guardian) SEC launches new 'crypto taskforce' as rollback of Biden approach expected
America’s top markets watchdog, now under Donald Trump’s leadership, wasted no time in announcing a new “crypto taskforce” as the industry cheers on the new administration.

The Securities and Exchange Commission (SEC) said the taskforce will aim to set a “sensible regulatory path” for crypto, claiming the agency “can do better” than its previous approach – widely deemed a crackdown – under Joe Biden.

On the campaign trail, Trump pledged to transform the US into a “bitcoin superpower” and the crypto capital of the world. His election victory triggered a crypto rally that propelled bitcoin to record highs.

The SEC’s crypto task force will be led by Hester Peirce, a commissioner who accused the Biden administration of welcoming the “extinction of new technology” through its regulation of crypto.

 

[Min George]

All of this goes to show that the SEC is not independent and only plays to the gallery to please the sitting president.

 

[Augusta]

That's what these different government parastatals are all about. It is to pleased the government of the day