"The Task Force is working to help create a regulatory framework that both achieves the Commission's important regulatory objectives — including protecting investors — and preserves industry's ability to offer products and services," Peirce wrote.
Priorities include clarifying which crypto assets fall under securities laws, crafting a path for token issuers to gain regulatory approval and ensuring compliance measures don't stifle innovation. The group will also examine crypto lending, staking, exchange-traded products, and cross-border regulations. Peirce stressed that while the SEC aims to foster industry growth, it will not tolerate fraud.