The U.S. Securities and Exchange Commission (SEC) is set to hold its first closed meeting post-Gary Gensler era, focusing on the resolution of various legal matters, including potential cryptocurrency enforcement actions.
With Commissioner Mark Uyeda recently taking over as the acting chairman, speculation is rife that the agency may freeze or drop enforcement actions against major crypto players, such as Ripple.
Stuart Alderoty, Ripple’s top lawyer, had previously expressed his expectations for the new administration to drop the ongoing appeal case against the company. A decision in this case could have significant implications for the crypto industry.
The SEC’s crypto task force
In the meantime, the SEC has launched a new crypto task force spearheaded by Commissioner Hester Peirce. This task force is dedicated to developing a clear regulatory framework for digital assets.
The announcement of this task force has been widely celebrated within the industry, which has long been calling for clear rules of the road. Industry insiders are now looking forward to working with the new Commission and undoing the “damage” from the last administration.
Let’s see if the new SEC leadership rewrites the rulebook on digital assets! 🔍📚
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2025-01-22 11:22