Just a day after his designation as SEC Acting Chair, Mark Uyeda has already made a significant move in favor of the cryptocurrency industry, establishing a crypto Task Force to be led by none other than the community's beloved "Crypto Mom,

The SEC announced an initiative Tuesday to create a regulatory framework for digital assets with a new internal task force led by Republican commissioner Hester Peirce.

This week, on the first full day of the new administration, the SEC under acting Chairman Mark Uyeda announced the formation of an agencywide task force to study cryptocurrencies and chart a “sensible regulatory path that respects the bounds of the law.