- SEC’s Crypto Task Force begins roundtables to shape regulatory clarity for crypto.
- Trump’s administration pushes for digital asset regulation, fostering U.S. crypto growth.
- International regulators express concern over the U.S. deregulatory approach to crypto.
The U.S. Securities and Exchange Commission (SEC) steps up its interest in digital assets by announcing several roundtables and a new enforcement wing. The agency’s Crypto Task Force will hold five roundtables, starting March 21 at its Washington, D.C., offices.
The sessions, called “Spring Sprint Towards Crypto Clarity,” will examine major regulatory topics, with the first meeting looking at security status. These moves show a shift in the SEC’s stance while the new administration pushes for broader fintech updates.
SEC Forms Cyber and Emerging Technologies Unit
Beyond the roundtables, the SEC announced the formation of the Cyber and Emerging Technologies Unit (CETU), which replaces the Crypto Assets and Cyber Unit. This new team intends to fight fraud linked to emerging technologies, including artificial intelligence, machine learning, and blockchain.
It will also address cybersecurity threats, such as hack attempts to steal private details or fake disclosures by publicly listed companies. Led by Laura D’Allaird, CETU has 30 anti-fraud experts and attorneys from different SEC branches.
The agency’s acting chairman, Mark Uyeda, said the unit will enforce compliance more effectively. He added that its top priority is to shield investors while still promoting technological progress. Uyeda also noted that the SEC’s crypto task force, launched in January, will help outline a clear rulebook for digital assets.
Related: SEC Drops Gemini Crypto Investigation: Wins, Losses & Industry Impact
Trump’s Big Fintech Overhaul
These SEC developments match larger changes in the financial sector under the new administration. President Donald Trump has made regulatory clarity for digital financial tech a priority.
Shortly after returning to the White House, he signed an executive order to set firm digital asset rules. He also pulled back a 2022 executive order and a Treasury Department policy from the prior government, which officials claim stifled innovation.
Trump’s team formed a presidential working group on digital asset markets, led by David Sacks, a former PayPal leader, who will manage crypto and AI policies. Trump’s election pledges to make the U.S. a global crypto leader now appear to be taking shape through these measures.
CFPB’s Future Remains Hazy
As fintech regulations move forward, the Consumer Financial Protection Bureau (CFPB) faces uncertainty.
Its website is offline, and former chief Rohit Chopra was dismissed weeks ago. But Trump’s nominee, Jonathan McKernan, promised to honor consumer finance laws, suggesting the CFPB may not vanish entirely.
Related: SEC Pauses, Drops, and Closes: A Month of Regulatory Reversals
Worldwide Worries Over U.S. Deregulation
International watchdogs are keeping an eye on these U.S. actions. European Systemic Risk Board (ESRB) Vice-Chair Olli Rehn voiced concerns about the administration’s push toward looser rules.
He cautioned that rolling back financial regulations, including those affecting crypto, could harm Europe’s economy. The ESRB is now evaluating possible steps to keep global financial markets on solid footing.
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