The US Securities and Exchange Commission will launch a cryptocurrency-focused task force to come up with ways to regulate the market, in one of the first moves by the agency after the resignation of crypto skeptic Gary Gensler.

Key Takeaways The U.S. SEC is setting up a crypto task force aimed at developing clearer regulations and guidelines for the crypto industry.The crypto task force will be led by SEC Commissioner Hester Peirce,

The SEC’s statement regarding the commission doesn’t really provide much insight into what it will seek to do, other than “provide clarity” on the rules regulating the crypto industry. It will likely achieve that by just stripping back those rules altogether,