SEC’s New Cryptocurrency Working Group: Hester Peirce Leads Efforts to Define Crypto Assets and Classify Tokens

On February 5th, COINOTAG reported that the U.S. Securities and Exchange Commission (SEC) has established a dedicated cryptocurrency working group. This initiative, led by Hester Peirce, aims to clarify the classification of various crypto assets regarding their status as securities. The implications of this classification could significantly impact how entities engage with regulatory compliance, particularly in the areas of registration and disclosure for trading platforms. Peirce elaborated on her strategic objectives, emphasizing that the list of priorities remains open-ended and includes efforts to define specific tokens as non-securities. This initiative follows the SEC’s recent appointment of Landon Zinda, former policy director at Coin Center, as a senior advisor, indicating a robust commitment to informed regulation in the evolving cryptocurrency landscape.