“Trump administration’s SEC launches ‘cryptocurrency task force’: details The Trump-led SEC is forming a cryptocurrency task force to develop a clear regulatory framework. The initiative is aimed at ensuring transparency in the $3.7 trillion cryptocurrency market.”, — write on: unn.ua
Details
According to CNBC, on Tuesday, January 21, the administration of Donald Trump announced the first real step in the direction of reducing regulation for the cryptocurrency industry, presenting an initiative to create a common regulatory framework for digital assets.
The U.S. Securities and Exchange Commission (SEC) announced that Acting Chairman Mark Ueda has launched a “cryptocurrency task force” that will focus on bringing transparency to the $3.7 trillion cryptocurrency market. SEC Commissioner Hester Pierce will lead the initiative.
According to the SEC statement, the task of the commission will be to develop a clear set of rules, as well as to resolve issues related to the registration of coins.
We look forward to working hand-in-hand with the public to create a regulatory environment that protects investors, facilitates capital formation, promotes market integrity and supports innovation
After this announcement, the bitcoin rate increased by about 2.4% and exceeded $106,000.
Shortly before his inauguration, Trump is said to have emphasized his support for digital currencies by launching his own meme coin called $TRUMP, while first lady Melania Trump launched a meme coin called $Melania. Both tokens quickly rose in price before falling sharply.
The White House’s view of cryptocurrency is starkly different from Joe Biden’s when he was president. SEC Chairman Gary Gensler at the time was considered an enemy of the industry
The Cryptocurrency Working Group plans to hold public hearings and solicit input from various stakeholders, including investors, academics and industry leaders. It also plans to work with other federal agencies, such as the Commodity Futures Trading Commission (CFTC), to unify regulations.
We will remind
Donald Trump planned to create a cryptocurrency advisory board early in his presidency. The new body will have up to 20 members and will assist the government in formulating favorable policies for the crypto market.