The Securities and Exchange Commission has officially released a list of members of the Krypto Task Force.
This follows a note published by Commissioner Hesterperth on the official SEC website on March 3rd. According to the memo, the task force consists of staff from the office of acting Chair Mark Weda, as well as representatives from multiple departments within the agency.
Peirce highlighted the team's experience and commitment to addressing complex crypto regulatory challenges, saying that Crypto Task Force is made up of knowledgeable and dedicated staff focused on developing practical regulatory solutions for the industry.
She also emphasized that the team will work with other SEC experts to engage with the public and form effective crypto regulations.
SEC's new crypto-centric team
The task force includes Richard Gabbert as Chief of Staff, Michael Selig as Chief Counsel and Taylor Asher as Chief Policy Advisor. Other members include several senior advisors, including Sumeera Younis (operation chief), Landon Zinda (senior advisor), Donald Battle, Bernard Nolan and Laura Powell.
Perth has long defended clear and fair regulations in the crypto sector. Her latest initiative follows ongoing calls from industry leaders for more regulatory clarity.
This development reassess the stance on cryptocurrency surveillance, consistent with broader trends within the SEC. Under previous administrations, agencies tightened enforcement measures against crypto companies and imposed serious penalties. For example, in 2024 alone, agents fined crypto businesses totaling $4.68 billion, accounting for 68% of lifetime penalties in the sector.
However, there have been significant changes in recent months. The SEC has closed its investigations of several prominent crypto entities, including Gemini, Coinbase, Opensea, Uniswap Labs, Robinhood Crypto, Consensys, and recently Kraken. The move suggests a more generous regulatory approach under the current administration.
