The SEC has announced a new crypto task force led by Commissioner Hester Peirce, known for her crypto-friendly stance. The task force is expected to provide valuable guidance and potentially more formal direction for the industry. Experts believe that this move could lead to a review of current enforcement actions and the discontinuation of cases that hinder the growth of the crypto industry. The announcement also raises speculation about the approval of crypto ETFs, with proposals for solana, XRP, litecoin, DOGE, and Trump's memecoin currently in front of the SEC. While approvals are not expected immediately, the task force's focus on structured disclosure frameworks and engagement with the industry could facilitate a more transparent approval process, similar to that seen with the recent approval of spot bitcoin ETFs.



Other News from Today