The SEC's new cryptocurrency working group has announced ten tasks, including rules for cryptocurrency ETF approvals and other areas

ChainCatcher News, SEC Commissioner Hester Peirce introduced the tasks and goals of the newly established crypto working group, stating that the current 10 tasks of the working group include:

• Examining the status of different types of crypto assets under securities law,
• Helping to identify areas that fall outside the commission's jurisdiction,
• Considering recommending the commission take action to provide temporary forward-looking and retroactive relief for tokens or token offerings that provide certain specific information for issuing entities or other willing responsible entities,
• Suggesting the commission amend existing registration pathways,
• Exploring potential updates to no-action letters for special purpose broker-dealers,
• Collaborating with investment advisors to provide an appropriate regulatory framework,
• Clarifying whether securities law covers crypto lending and staking programs,
• Providing clear statements on the methods for approving or disapproving crypto ETFs,
• Planning to work at the intersection of cryptocurrency and clearinghouse and transfer agent rules,
• Promoting methods for cross-border sandboxes for crypto projects.