Breaking: Crypto Mom Takes Charge! 🚨👩‍💼

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Guess who’s the new boss? It’s none other than SEC Commissioner Hester Peirce, aka “Crypto Mom”! She’s been tapped to lead a new “crypto task force” at the SEC. Can you believe it? They’re finally getting serious about creating a “comprehensive and clear regulatory framework for crypto assets.” It’s about time! 😅

  • SEC acting chairman Mark Uyeda wasted no time launching the task force just one day after former chairman Gary Gensler hit the road. Talk about timing!
  • According to the SEC’s Tuesday statement, they’ve been relying on enforcement actions to regulate crypto retroactively and reactively. And let’s not forget those novel and untested legal interpretations. Who knew?
  • For the first time, the agency actually listened to crypto industry concerns about the lack of “practical solutions for those seeking to register.” They even admitted they could do better. Shocking, right?
  • The task force plans to work with Commission staff and public input to develop this new framework. Collaboration, what a concept! 🤝
  • Uyeda had some nice words for Peirce, saying he looks forward to her efforts to lead regulatory policy on crypto. It’s a big job involving multiple SEC divisions and offices. Good luck, Crypto Mom!
  • Peirce is known in the crypto community for her pro-lighter regulation stance, opposition to the SEC’s “regulation by enforcement” approach, and her support for crypto spot ETFs. Way ahead of the curve, that one!
  • And just when we thought things couldn’t get any more exciting, Republican President Donald Trump was inaugurated on Monday. Crypto bulls are speculating on what pro-crypto actions he and his party may take during their early reign. Stay tuned! 🎯

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2025-01-22 00:14