The newly formed SEC Crypto task force, led by Commissioner Hester Peirce, is moving forward. Its first table is planned, and the old staff is announced.
Developments in the Task Force come over a wolf week for both the Crypto Commission and Regulation, including the announcement of President Donald Trump's social media in a plan for the government to create a “strategic reserve of cryptos” to keep certain digital assets.
Bloomberg It also reported this week that SEC employees were offered a $ 50,000 purchase to resign or pension.
The first round table of the work group in “Sprint Spring towards Crypto Clarity” will be on March 21. It will be titled “How we arrived here and how we will come out – defining security status.” It will be open to the public at the SEC headquarters and will be broadcast live.
Peirce said the task force was looking forward to listening from the public when “developing a cryptocurrency regulatory framework”. Acting SEC Chairman Mark Uyeda formed the labor force shortly after Trump's inauguration and installed Peirce as her head.
In an inaccessible press release notifying Task ForceThe SEC described the approach of former President Gary Gensler as the creation of “a hostile environment to innovation and favorable for fraud” and relying on implementation actions to regulate cryptocurrency “retroactively and reactive”.
In a subsequent statementPeirce offered a list of questions and divided the cryptocurrency space into four distinct categories, including assets that are securities because “they have internal characteristics” of securities, those assets that are offered and sold as part of investment contracts (even if assets are not securities), earthy patikates, and “all other assets”,
Peirce also announced members of the Task Force on Monday, saying she was filled with staff from the UYEDA office and other offices in the commission. The 12 new members joined Richard Gabbert and Taylor Asher already announced as Chief of Staff and main policy advisor, respectively (both of Uyeda's office).
They include leading advisor Michael Selig, a partner at the Wilkie Farr & Gallagher Legal Firm and a member of her cryptocurrency practice. According to CoindeskSelig has worked under the former chairman of the Commodity Chris Giancarlo (nickname “Cryptodad” by Crypto's lawyers) in the legal firm. He criticized Gensler's alleged cryptocurrency policy for “implementing”.
Landon Zinda is also joining Task Force from outside the commission. According to his LinkedIn profile, he was previously a policy adviser to the Think Crypto Center of Center and served as an advisor to the US Senate Committee on banks, housing and urban affairs and the Financial Services Committee, focusing on cryptocurrencies. Before that, he worked for six years at the Heritage Foundation.
Moreover, the Commission is offering “qualified employees” a $ 50,000 purchase to leave the agency by April 4, according to an email sent last week by COO Ken Johnson to all staff (and reported by Bloomberg).
To qualify, employees must have been on the salary list before January 24, should leave by resign, transfer to another agency or retire, and if they leave and return to the SEC in five years, they must pay the incentive again.
Purchase offers come shortly after reports that Elon Musk's Doge members were planning to enter the SECI AND Crain's Chicago business reported That the General Services Administration was considering the closure of SEC Regional Offices in Agoikago, Los Angeles and Philadelphia.
This weekend, Trump announced that his administration's “Crypto Reserve” will include XRP, Solana and Cardano (three less popular Cryptocurrency, According to the Associated Press). He was later followed by saying that they will also include Bitcoin and Etereum. The cryptocurrency values initially increased after Sunday announcement, but until Monday afternoon, they had fallen under their prices before the posts.