The U.S. Securities and Exchange Commission (SEC) under President Trump has formed a task force to create straightforward guidelines for cryptocurrencies.

The Trump administration launched a crypto task force on Tuesday, aiming to simplify regulations for digital assets, following President Trump's return to the White House. In response to industry demands, the Securities and Exchange Commission (SEC) announced that Mark Uyeda, acting chair, has assembled a team dedicated to crafting a comprehensive regulatory framework for crypto assets. Commissioner Hester Peirce will lead this task force, with Richard Gabbert as chief of staff and Taylor Asher as chief policy advisor. Uyeda, who took over from Gary Gensler on Monday, emphasized the need for clear crypto regulations. The task force aims to collaborate with SEC divisions, external experts, and the public to develop practical and legal regulatory solutions. The SEC acknowledged its previous lack of clarity in crypto oversight, often relying on reactive enforcement actions and novel legal interpretations. The primary objectives include defining registration requirements, simplifying registration processes, designing disclosure frameworks, and strategically allocating enforcement resources. The task force will also work within congressional boundaries, supporting legislative changes and engaging with other federal agencies and international partners.