The U.S. Securities and Exchange Commission (SEC) has established a new Crypto Task Force, led by Commissioner Hester Peirce, known for her supportive stance on cryptocurrencies. This initiative marks the first major action by the SEC under the new administration of President Donald Trump, aimed at developing a comprehensive regulatory framework for crypto assets. The task force seeks to foster innovation while addressing the need for clear regulations in the rapidly evolving cryptocurrency market. Details regarding the specific objectives and strategies of the task force have yet to be fully disclosed.