⬛SEC Commissioner Hester Peirce, who leads the newly formed Crypto Task Force, has launched major reforms in cryptocurrency regulation. The controversial SAB 121 guidance, which restricted banks from holding crypto, has already been repealed, along with the memo on meme coins, transferring their regulation to Congress.
⬛Peirce promises to ease pressure on the industry, with cases against Coinbase and Ripple under review. Key topics on the agenda include staking-enabled ETFs and simplifying Web3 infrastructure.
⬛Rumors suggest that Paul Atkins could become the new SEC Chairman, potentially accelerating these changes. Peirce is willing to stay if the White House does not appoint a successor.