The SEC’s Crypto Task Force is due to host their first official meeting on security during March 21, 2025.
The meeting will address regulations in the cryptocurrency industry, including SEC Commissioner Hester Pierce’s views on current crypto growth and de-regulation.
Meeting towards the middle of March, the Task Force will have since overseen multiple investigations dropped by the SEC against crypto companies including Coinbase, Kraken, and Robinhood.
SEC to host important Crypto Task Force meeting
The SEC’s Crypto Task Force is set to meet on March 21 to address their mission of delivering a workable framework for crypto businesses.
The Crypto Task Force was set up by the Trump administration in response to Gary Gensler’s war on crypto, pushing crypto companies out of the US or into a corner where they were issued with lawsuits.
New SEC commissioner and head of the task force, Hester Peirce, is a supporter of crypto innovation and growth, believing the industry deserves to be de-regulated.
On memecoins, Hester Peirce has said regulations on memecoin assets fall outside of the SEC’s current focus but believes the industry should feel free to experiment.
According to Hester Peirce, previous regulations placed under the leadership of Gensler restricted experimentation and stunted growth for crypto businesses in the United States.
As recently as March 3, Hester Peirce formally announced new members of the Crypto Task Force staff with most members being comprised from other departments and divisions across the SEC.
From Hester Peirce on the Crypto Task Force:
The Crypto Task Force exhibits deep expertise and an enthusiastic commitment to identifying—with the help of other talented staff across the Commission and interested members of the public—workable solutions to difficult crypto regulatory problems.
Crypto de-regulation and innovation in the spotlight by the SEC
The SEC, currently led by acting chairperson Mark Uyeda, has promised to make clear cryptocurrency regulations to help foster growth.
For the Trump administration, a return to Gensler’s reign is off the table, with pro-crypto advocates taking seats on the SEC and throughout the government.
A real push for crypto adoption has been made with Trump’s US Crypto Reserve announcement, solidifying crypto’s place in the US, creating an environment for stable growth and innovation, which may influence other nations.
