SEC Crypto Task Force will focus on providing clarity on whether crypto lending and staking programs are covered by securities laws

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SEC Crypto Task Force will focus on providing clarity on whether crypto lending and staking programs are covered by securities laws

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Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving the question of what makes a cryptocurrency a security vs. a commodity, and creating a more “viable” path to registration by modifying the SEC’s existing paths. Other priorities include “provid[ing] clarity about whether crypto-lending and staking programs are covered by the securities laws” and deciding which parts of the market fall outside the SEC’s jurisdiction.

Crypto-Lending and Staking: We need to provide clarity about whether crypto-lending and staking programs are covered by the securities laws and, if so, how. We plan to work to help address how such programs can be structured consistent with the law.

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Key priorities of SEC Crypto task force

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