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(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.
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.
