The U.S. Securities and Exchange Commission (SEC) has launched a new initiative to reshape cryptocurrency regulation. On March 24, 2025, the agency announced the formation of the “Crypto 2.0 Task Force,” a unit tasked with bolstering oversight of digital asset trading, according to a Reuters report. Led by Commissioner Hester Peirce, a vocal advocate for balanced crypto policies, the task force aims to standardize trade reporting and align blockchain-based securities with traditional financial rules—signaling a pivot from enforcement-heavy tactics to structured supervision.
The move comes amid a pro-crypto shift under President Donald Trump’s administration. Acting SEC Chairman Mark Uyeda, appointed in January 2025, launched the task force to address long-standing industry calls for clarity. “We’ve relied too long on retroactive enforcement,” Uyeda said in a January 21 statement. “This group will draw clear lines and foster innovation within legal bounds.” Peirce, dubbed “Crypto Mom” for her dissent against past SEC crackdowns, emphasized collaboration with stakeholders—exchanges, investors, and regulators—to craft practical frameworks.
A core focus is trade oversight. The task force will push for uniform reporting of digital asset transactions, both on-chain and off-chain, mirroring requirements for stocks and bonds. Bitcoin Ethereum News notes this could involve real-time monitoring systems akin to traditional markets, a step up from the patchwork tracking of crypto trades today. With $2 trillion in crypto market cap and daily volumes often exceeding $100 billion, the stakes are high. The SEC aims to curb fraud and manipulation—issues that cost investors $4.5 billion in 2024, while easing compliance for legitimate players.
This isn’t the SEC’s first crypto rodeo. In 2017, it formed a Cyber Unit tackling ICO fraud, later expanding into a 50-person team under ex-Chair Gary Gensler, who left in January 2025. That unit filed over 100 enforcement actions, including against Coinbase and Kraken, but drew flak for stifling growth. The Crypto 2.0 Task Force, per Investopedia, shifts gears—prioritizing registration pathways, disclosure rules, and selective enforcement. It’s backed by Trump’s March 6 executive order for a Bitcoin reserve and a March 7 Crypto Summit, reflecting a softer regulatory stance.
Details are emerging. The task force will explore exchange-traded products (ETPs), tackling hurdles like spot market liquidity and surveillance-sharing pacts, per King & Spalding. It’s also eyeing tokenization—digitizing assets like real estate—and custody rules for advisers holding crypto. Sidley Austin reports Peirce invited public, with roundtables planned through 2025. Coordination with the CFTC, Treasury, and global peers is on the agenda, aiming for a unified approach.
For now, the SEC is signaling intent. Whether Crypto 2.0 delivers clarity or just more bureaucracy, its impact on trade oversight could redefine the game.
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