Crypto bros rejoiced Tuesday after President Donald Trump’s revamped Securities and Exchange Commission (SEC) launched a new cryptocurrency task force led by Hester Peirce, known by some in the industry as “crypto mom.”

The administration of President Donald Trump announced the first significant step towards reducing regulatory pressure on the cryptocurrency industry.

The Securities and Exchange Commission (SEC) is launching “a crypto task force.” In a Tuesday press release, the SEC described the task force as “dedicated to developing a comprehensive and clear

The U.S. Securities and Exchange Commission (SEC) announced the creation of a cryptocurrency task force on Jan. 21, 2025, a day after former Chair Gary Gensler resigned.

The SEC rolled out a new crypto task force on Tuesday, aimed at helping "draw clear regulatory lines" in the space, the agency said.

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Trump is also still expected to issue executive orders that will further promote Bitcoin adoption, Reuters and other media outlets have reported.

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 U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump,

With Donald Trump in the White House, the new-look SEC is taking aim at its past crypto regulation tactics and developing a new path forward.

SEC forms crypto task force led by Commissioner Peirce to develop clear regulatory framework, address legal uncertainty and promote innovation.