SEC's Crypto Task Force Seeks Input on 48 Questions

Crypto Currently News Center

With the commencement of the Trump 2.0 Administration, the White House, Congress, agencies and certain states have each announced significant developments related to crypto. The WilmerHale Blockchain and Cryptocurrency Working Group is happy to announce the launch of the “Crypto Currently: News Center,” accessible here.

The News Center features a curated collection of the key crypto-related news, events and announcements from the White House, Congress, the Commodity Futures Trading Commission, Securities and Exchange Commission (“SEC”), Prudential Regulators, and state legislatures. Designed to help you stay “current” on the latest developments, the News Center is updated daily. In addition, on each Friday beginning February 28, we will send via email a Weekly Crypto News Digest, featuring the key crypto news from the week.

The SEC Crypto Task Force Seeks Feedback

On Friday, February 21st, SEC Commissioner Peirce, who leads the SEC Crypto Task Force, published a statement including a list of forty-eight specific questions on which the Crypto Task Force is seeking feedback.¹ This is the third statement of the Crypto Task Force since it was formed just over a month ago on January 21, 2025, and it further elaborates on the priorities of the Crypto Task Force in addition to seeking specific feedback.² In Commissioner Peirce’s February 4th statement, she identified ten areas of focus for the Task Force. In the most recent statement, on those same ten areas of focus, Commissioner Peirce seeks “a wide range of perspectives (including from skeptics)” on “some of the questions with which the Task Force is wrestling.”³ The ten areas on which feedback is sought include:

• Security Status of Crypto Assets
• Jurisdictional Limits and No-Action Letters
• Coin and Token Offerings
• Registered Offerings
• Special Purpose Broker Dealer
• Custody Solutions for Investment Advisers
• Crypto-Lending and Staking
• Crypto Exchange-Traded Products
• Clearing Agencies and Transfer Agents
• Cross-Border Sandbox

The full list of forty-eight questions is available here.

Parties interested in providing input to the Crypto Task Force may complete the written submission form,⁴ or request a meeting with the Task Force.⁵ Both written input as well as meeting summaries will generally be made public on the Crypto Task Force’s website.⁶

Footnotes

1. SEC Commissioner Hester M. Peirce, There Must Be Some Way Out of Here (Feb. 21, 2025), https://www.sec.gov/newsroom/speeches-statements/peirce-statement-rfi-022125.

2. See id.; SEC Commissioner Hester M. Peirce, The Journey Begins (Feb. 4, 2025), https://www.sec.gov/newsroom/speeches-statements/peirce-journey-begins-020425; SEC Press Release, SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force (Jan. 21, 2025), https://www.sec.gov/newsroom/press-releases/2025-30.

3. SEC Commissioner Hester M. Peirce, There Must Be Some Way Out of Here (Feb. 21, 2025), https://www.sec.gov/newsroom/speeches-statements/peirce-statement-rfi-022125.

4. SEC, Submit Written Input to the Crypto Task Force, https://www.sec.gov/about/crypto-task-force/submit-written-input#no-back.

5. SEC, Request Form for Meetings with the Crypto Task Force, https://www.sec.gov/about/crypto-task-force/meeting-request#no-back.

6. SEC Commissioner Hester M. Peirce, The Journey Begins (Feb. 4, 2025), https://www.sec.gov/newsroom/speeches-statements/peirce-journey-begins-020425 (noting that written submissions “will generally be posted on www.sec.gov” and that the “Task Force requests that any person or firm requesting a meeting provide a brief written summary of the issues that it plans to discuss with Task Force members . . . [and] [t]he Task Force plans to post these summaries to the Commission’s website”); SEC, Submit Written Input to the Crypto Task Force, https://www.sec.gov/about/crypto-task-force/submit-written-input#no-back; SEC, Request Form for Meetings with the Crypto Task Force, https://www.sec.gov/about/crypto-task-force/meeting-request#no-back.