The SEC rolled out a new crypto task force on Tuesday, aimed at helping "draw clear regulatory lines" in the space, the agency said.

Bulls hope the new initiative is a sign the president remains committed to the sector, after his first day in office left them feeling underwhelmed.

Tuesday's move by Republican Commissioner Mark Uyeda, whom Trump named acting SEC chair on Monday, and fellow Republican Commissioner Hester Peirce, marks the first policy win for the crypto industry under the new administration.