US launches crypto task force

By Gokhan Ergocun

ISTANBUL (AA) - The US has launched a crypto task force dedicated to "developing a comprehensive and clear regulatory framework for crypto assets," the Securities and Exchange Commission (SEC) announced Tuesday.

"Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively," the commission said in a press release.

The task force will collaborate with SEC staff and the public to set the commission on a sensible regulatory path that respects the bounds of the law, it said.

The SEC said the task force’s focus "will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously."

“I look forward to the efforts of Commissioner (Hester) Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices,” said the SEC's Acting Chairman Mark T. Uyeda.

Before his election victory last November, President Donald Trump had pledged that the US would be the “crypto capital” of the planet.

"If crypto is going to define the future, I want it mined, minted and made in the USA. It is not going to be made anywhere else," he said.