Just a day after his designation as SEC Acting Chair, Mark Uyeda has already made a significant move in favor of the cryptocurrency industry, establishing a crypto Task Force to be led by none other than the community's beloved "Crypto Mom,

This undertaking will take time, patience, and much hard work,” Peirce said, adding the agency plans to encourage a regulatory environment that “protects investors, facilitates capital formation, fosters market integrity,

The SEC announced an initiative Tuesday to create a regulatory framework for digital assets with a new internal task force led by Republican commissioner Hester Peirce.