The US Securities and Exchange Commission’s (SEC) acting chairman Mark Uyeda revealed a list of the agency’s newly appointed executive staff on Tuesday, including three members of the Crypto Task Force.
Two of the Task Forcens appointed come from SEC’s ranks. Richard Gabbert, who previously served as an adviser to crypto-friendly task force-head commissioner Hester Pierce will be its chief of staff as well as a senior adviser for Uyeda. Taylor Asher, formerly a senior policy adviser to Uyeda, will be Taskforce’s Chief Policy Advisor.
The second named appointed – Landon Zinda, who will be an adviser to Uyeda and a senior adviser to the Task Force – has previously served as Political Director for Crypto Think Tank Coin Center. Prior to his work for Coin Center, Zinda worked for two crypto-Rengean Congress members, Senator Pat Toomey (R-PA.) And Rep. Tom exudes (R-minn.).
SEC announced the formation of the new Crypto Task Force last month, just one day after former chairman Gary Gensler stepped down. Task Force will be focused on “developing a comprehensive and clear legislative framework for crypto assets” and will work closely with both Congress and the Crypto Industry as well as sister regulation agency The Commodity Futures Trading Commission (CFTC), according to press release announcing its formation
The formation of Crypto Task Force comes as the agency reviews its approach to crypto regulation and moves away from the exercise of so -called regulation by enforcement, which became standard practice under the former chairman.
“To date, SEC has primarily depended on enforcement measures to regulate crypto -retroactive and reactive, often adopted new and untested legal interpretations along the way,” SEC said in a press release. “Clarity about who should register and practical solutions for those seeking to register have been evasive. The result has been confusion about what is legal, which creates an environment that is hostile to innovation and conducive to fraud. SEC can make it better. “