SEC Launches Crypto Task Force Under Trump Administration to Clarify Rules

• SEC’s new crypto task force aims to create clear regulations, addressing industry uncertainty around token registration.
• Bitcoin hits a record high of $109,071 following the SEC’s crypto regulatory shift under the Trump administration.
• SEC’s crypto task force to collaborate with CFTC, lawmakers, and global agencies for unified digital asset regulation.

On January 21, 2025, the U.S. SEC took an important step by creating clear rules for the cryptocurrency market. The SEC established a new task force to make detailed digital asset rules. With President Donald Trump’s approval, the administration wants to change rules and give the crypto community the clear regulations they have requested.

The Role of the New Task Force in Crypto Regulations

SEC Commissioner Hester Peirce, who has consistently supported cryptocurrency and is popularly known as “Crypto Mom,” will lead the new task force. The task force should define how cryptocurrency should be registered, create effective ways for companies to share information, and choose carefully when to enforce rules. The team will meet with industry experts to find favorable ways to meet regulatory standards, reducing the sector’s problems with unclear rules.

The community and interested parties were increasingly dissatisfied with the SEC because it hadn’t set clear rules. The SEC’s unclear guidelines made Coinbase, Kraken, and other firms unsure when cryptocurrency tokens fall under securities laws. By creating this team the SEC aims to build a clearer, better-organized marketplace that encourages development while keeping investors safe.

Task Force’s Engagement with Industry and Lawmakers

The task force will collaborate with federal agencies like the Commodity Futures Trading Commission (CFTC) and gather perspectives from state and international regulators. Its goal is to ensure that rules work smoothly in different jurisdictions while meeting U.S. and international industry market demands.

The task force will work with lawmakers on regulations and conduct public hearings to get ideas from many people in the industry. The meetings will cover important issues like how tokens are classified and what rules govern digital asset exchanges. The SEC wants every affected group to help make rules aiming for outcomes that everyone can use effectively. 

Market Reaction and Industry Support for SEC’s Move

Cryptocurrency companies and other interested parties have welcomed the announcement. Larger exchanges such as Kraken and Coinbase remain optimistic about the SEC’s new approach to regulating digital assets. The policy head of Kraken, Jonathan Jachym, called this progress a major achievement that brings clarity.

Coinbase’s Chief Legal Officer Paul Grewal also endorsed the effort, noting that the industry has requested guidance from regulators for years. The new administration has provided a new direction to bring a clearer direction for digital assets.

This sentiment was reflected in the market, as the price of Bitcoin surged to $109,071 as investors cheered the administration’s embrace of digital assets.