US SEC Commissioner Hester Pierce Unveils Crypto Task Force Members

Aliyu Pokima
March 4, 2025
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Highlights

  • SEC Commissioner Hester Pierce has announced the composition of the Commission's Crypto Task Force.
  • The 15-man team comprises staff from various SEC divisions.
  • The securities watchdog is ditching its high-handed enforcement tactic in favor of a forward-thinking approach.

The US Securities and Exchange Commission’s (SEC) Crypto Task Force is inching toward full operations following the unveiling of team members. US SEC Commissioner Hester Pierce has assembled a dream team cutting across several departments and units of the securities watchdog.

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US SEC Confirms Crypto Task Force Members

The SEC’s newly minted Crypto Task Force is raring to go following the confirmation of team members by Pierce. The US SEC Commissioner disclosed the team’s composition in a press release, hinting at a varied selection process.

Pierce stated that the team comprises staff from the Acting Chairman’s office and several divisions within the SEC. Led by Pierce, the Commissioner had a free rein to select the task force members.

“The Crypto Task Force exhibits deep expertise and an enthusiastic commitment to identifying -with the help of other talented staff across the Commission and interested members of the public – workable solutions to difficult crypto regulatory problems.

The 15-man team comprises a Chief of Staff, a Chief Counsel, a Chief Policy Advisor, and a Chief of Operations. The remaining ranks are made up of 10 senior advisors drawn from various units within the US SEC.

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The Team Will Solve The Hardest Regulatory Issues

Within days of assuming office, Acting US SEC Chair Mark Uyeda launched the Crypto Task Force to give the agency new direction. The agency is tasked with establishing the criteria for determining whether or not a cryptocurrency is a security.

Weeks after the announcement of the task force, the SEC disclosed that memecoins are not securities, urging the public to remain wary of scams.

Pierce has hailed the new direction of the task force while criticizing regulation by enforcement during the Gensler era. The task force will be the main advisory body to the SEC on crypto-related matters.

As a show of commitment, the Commission has dismissed Kraken’s case, ditching its actions against Coinbase and Gemini as well.

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.