SEC Commissioner Hester Peirce on the New Crypto Task Force

Saturday 15th of March 2025 13:30:00

March 14, 2025 - In a press conference held earlier today, Securities and Exchange Commission (SEC) Commissioner Hester Peirce discussed the agency's newly established Crypto Assets and Cyber Advisory Committee, a group tasked with providing guidance on the regulatory framework surrounding digital assets.

The committee, which includes representatives from the SEC, the Commodity Futures Trading Commission (CFTC), and the Financial Industry Regulatory Authority (FINRA), will focus on developing recommendations for the regulation of cryptocurrencies and other digital assets. Peirce emphasized the importance of this effort, stating that the committee's work will help ensure that the SEC's regulatory approach is "well-informed, effective, and efficient."

Peirce also highlighted the committee's commitment to engaging with the cryptocurrency community, stating that the SEC values the input of industry participants and will work to build a collaborative relationship with them. She noted that the committee will hold regular meetings and will consider public input on its recommendations.

In her remarks, Peirce also touched on the importance of addressing the potential risks associated with digital assets, including issues related to market manipulation, insider trading, and investor protection. She emphasized that the SEC is committed to ensuring that the cryptocurrency market is fair and transparent, and that investors are protected from fraudulent activity.

The establishment of the Crypto Assets and Cyber Advisory Committee is seen as a significant development in the ongoing debate over the regulation of digital assets. The committee's work is expected to have a significant impact on the future of the cryptocurrency market, and will likely be closely watched by industry participants and regulatory officials alike.