Trump’s SEC shifts towards pro-crypto policies

The US Securities and Exchange Commission has formed a task force to establish clearer regulations for cryptocurrencies. This move, led by acting Chair Mark Uyeda and Commissioner Hester Peirce, signals a shift towards a more collaborative and transparent approach under President Trump’s administration. The task force aims to define clear regulatory boundaries, streamline registration processes, and ensure balanced enforcement measures.

President Trump, embracing his role as a ‘crypto president’, plans to reverse the strict oversight implemented by the previous administration. Industry leaders have long criticised past SEC actions as unclear and overly punitive, urging the need for comprehensive rules tailored to digital assets. The initiative reflects Trump’s broader strategy to promote digital currency adoption and reduce regulatory hurdles.

Executives from companies such as Kraken and Coinbase have welcomed the development as a positive step towards resolving regulatory ambiguity. They expressed optimism that the task force’s efforts could end the era of enforcement-led governance and foster constructive policy-making. Bitcoin surged to an all-time high, reflecting investor enthusiasm for the administration’s crypto-friendly stance.

The task force also aims to support lawmakers in crafting new crypto legislation and coordinate with agencies like the Commodity Futures Trading Commission. Its collaboration is expected to extend beyond US borders, ensuring that policies align with global regulatory standards.