SEC Restructures Crypto Oversight Under Trump Administration

The agency reduces its crypto enforcement unit, forms a new task force, and signals a shift toward clearer regulatory frameworks.

The SEC has reassigned over 50 lawyers and staff from its crypto enforcement unit, reflecting a shift in regulatory priorities under the Trump administration.
Commissioner Hester Peirce, known as 'Crypto Mom,' is leading the newly created Crypto Task Force to establish clearer guidelines for the digital asset industry.
Peirce criticized the SEC's previous 'regulation by enforcement' approach, calling it legally imprecise and commercially impractical.
The task force aims to address key issues such as defining securities versus commodities, clarifying rules for crypto lending and staking, and improving the path to registration for token offerings.
Recent policy changes include rescinding a controversial accounting bulletin and rejecting the creation of a central bank digital currency, aligning with President Trump's pro-crypto stance.