By Katherine Hamilton

The Securities and Exchange Commission has created a task force with the goal of developing a comprehensive and clear regulatory framework for crypto assets.

The task force was established on Tuesday by acting SEC Chairman Mark Uyeda in one of his first moves after being appointed to the position by President Donald Trump. During the his campaign for president Trump said he would ease regulations on the sector and build a national stockpile of bitcoin.

Commissioner Hester Peirce is set to lead the task force, with Senior Advisor Richard Gabbert and Senior Policy Advisor Taylor Asher serving as the chief of staff and chief policy advisor, respectively, the SEC said.

The new task force aims to focus on helping the commission draw clear regulatory lines, provide paths to registration and create disclosure frameworks, the SEC said.

During a conference in South Korea in 2024, Peirce said she supports improving the registration process for crypto, which she said many companies have struggled to navigate. She said regulations were too focused on enforcement without support for innovation in the crypto industry.

Write to Katherine Hamilton at katherine.hamilton@wsj.com


(MORE TO FOLLOW) Dow Jones Newswires

01-21-25 1355ET