The new SEC crypto taskforce passes the “vibe check”

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We can now officially retire this term. “regulation by enforcement.” Now you can join “cautiously optimistic” The following are some examples of how to get started: “soft landing” On the list of words that no one needs to hear any time soon. 

Yesterday, acting chair Mark Uyeda announced that Hester Peirce — known around here as Crypto Mom for her dissents over the SEC’s approach to the space — would head up a new taskforce: Crypto 2.0.

Gary Gensler has officially left the SEC building. It’s obvious that they are serious about crypto firms registering. You don’t trust me? Look at the Uyeda press release. “will succeed only if the Task Force has input from a wide range of investors, industry participants, academics and other interested parties.”

You’ll have noticed, if you are an Empire fanatic, the positive tone David and myself carry for quite a while now. The winds of change are changing the mood. It was confirmed this week. 

Trump’s Coin launched to a lot of confusion (and some of the criticism, which I discussed yesterday is valid), but SEC’s latest task force has shown that they are looking for ways to create a working framework. 

It is not yet clear if this will mean that all current lawsuits including the SEC’s Friday complaint against Helium Nova Labs are dismissed. 

Matthew Frankle of Haynes Boone told us this past month that the SEC could drop cases if it adopts a more friendly attitude. 

Crypto Mom has taken charge and the vibes are great.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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