Mark T. Uyeda established a new crypto task force to solve the problems related to the unclear crypto regulatory rules & laws.
Mark T. Uyeda is a Commissioner of the U.S. Securities and Exchange Commission (SEC), appointed in June 2022 and currently he is acting chairman of this regulatory agency. Before becoming the commissioner, he worked as a career attorney at the SEC and held roles in various financial regulatory capacities. His work focused on securities law, corporate governance, and regulatory policy.
On 21 Jan 2025, Mark Uyeda announced the establishment of a new Crypto Task Force to develop a fresh regulatory framework for the crypto sector.
This new crypto task force will be led by pro-Crypto SEC commissioner Hester Pierce, popularly known as Crypto mom in the crypto space.
Stuart Aldetory, the chief legal officer at the San Francisco headquartered blockchain firm Ripple, shared his happiness that the new SEC’s acting chairman addresses the war between the SEC & Crypto space, which created huge confusion for the crypto companies regarding their corresponding business operations.
Ripple officer said that he is open to working with the SEC body to help them reverse the damage the crypto sector faced over the last half-decade.
Frustration Among Crypto Enthusiasts
A day ago, many people noted that Donald Trump failed to talk about Cryptocurrencies following his inauguration in the US presidential office, and that thing created huge frustration among crypto investors.
But in an interesting move, reports confirmed that US Senator Cynthia Lummis & president’s son Eric Trump discussed the Strategic Bitcoin Reserve, to ensure that developments regarding Bitcoin adoption are going on.
Bitcoin price action
The current trade price of Bitcoin is $106,296 & this price level is 3.5% higher over the last 24 hours period.
Read also: US President Trump Pardons Drug Market Silk Road Creator fully: pro-Bitcoin Decision?
