SEC Forms Crypto Task Force and Announces Key Members
The U.S. Securities and Exchange Commission (SEC) officially released the members of its newly formed Crypto Task Force today and announced plans for a series of crypto roundtable discussions. Meanwhile, on Capitol Hill, Republicans and Democrats are joining forces to establish the “Congressional Crypto Caucus” to advance crypto-friendly policies.
Following the departure of hawkish ex-SEC Chair Gary Gensler, acting SEC Chair Mark Uyeda swiftly launched the Crypto Task Force, appointing Commissioner Hester Peirce—widely known as “Crypto Mom”—as its leader. The group is committed to developing a comprehensive and clear regulatory framework for digital assets.
Today, the SEC disclosed the task force’s composition, which includes officials from the Chair’s office and various SEC divisions. These members will provide advice on crypto-related matters to the Commission.
Leading the initiative, Hester Peirce remarked:
“The Crypto Task Force brings deep expertise and strong commitment. With the support of the SEC’s talented staff and public input, we aim to find viable solutions to the complex issues surrounding crypto regulation.”
SEC to Host Crypto Roundtables
Alongside the task force announcement, the SEC unveiled a series of crypto roundtables designed to engage industry participants on key regulatory topics.
The first session, themed “Spring Sprint Toward Crypto Clarity,” is scheduled for March 21 and will focus on:
- “How We Got Here and How We Move Forward—Defining Security Status.”
The event will be open to the public, livestreamed, and archived for later access.
Peirce emphasized:
“I look forward to leveraging public expertise to craft a workable regulatory framework. These roundtables are a crucial part of our engagement with stakeholders.”
Congress to Form Bipartisan “Congressional Crypto Caucus”
Meanwhile, a bipartisan coalition in the U.S. House of Representatives is forming the Congressional Crypto Caucus to support crypto-friendly legislation.
Fox Business journalist Eleanor Terrett reported that Republican House Majority Whip Tom Emmer and Democratic Representative Ritchie Torres are leading the effort.
Unlike the Congressional Blockchain Caucus, established in 2017, this new caucus will function as a voting bloc to push for legislation on digital assets, including stablecoins and market structure bills.
Both Emmer and Torres confirmed the news on Twitter, with Emmer stating:
“The caucus is a unified, bipartisan group that can quickly mobilize to support key digital asset initiatives in Congress. We are responding to the voices of millions of American voters who want the U.S. to lead in blockchain innovation.”
Crypto Bills Progressing Through Congress
Last month, Senate Banking Committee Chair Tim Scott set a goal to pass stablecoin and market structure bills by April and send them to the President’s desk.
While bipartisan support remains uncertain, Emmer and Torres hope the Crypto Caucus can help secure House approval for these key bills.
Trump to Host White House Crypto Summit on March 7
The SEC and Congress’s crypto initiatives coincide with the White House’s first-ever Crypto Summit, scheduled for March 7.
President Donald Trump will deliver a keynote speech, with the event hosted by White House AI and Crypto Advisor David Sacks.
Expected attendees include:
- Leading crypto founders, CEOs, and investors
- Members of the White House Digital Assets Working Group
However, Terrett revealed that the White House has yet to send official invitations, leaving industry participants waiting for confirmation.
Following the summit announcement and Trump’s endorsement of XRP, SOL, and ADA as part of the U.S. crypto reserves, Bitcoin surged past $95,000 on Monday. However, amid growing concerns over U.S.-Mexico-Canada trade tensions, BTC dropped below $84,000 earlier today, currently trading at $83,896—marking a 10% decline in 24 hours.
