Because the Trump administration pushes lawmakers and regulators to develop clear regulatory frameworks, a former Chainlink government has joined the Securities and Trade Fee’s (SEC) Crypto Job Pressure as its new authorized chief.
SEC Appoints New Crypto Job Pressure Authorized Advisor
On Monday, Chainlink’s social media introduced Taylor Lindman’s departure from the corporate to affix the SEC’s Crypto Job Pressure as its Chief Counsel. The manager labored at Chainlink Labs for five years, the place he held a number of senior authorized positions, together with Deputy Normal Counsel.
In an X submit, the corporate thanked Lindman for his service, affirming that it seems to be ahead to “modernizing the U.S. monetary system collectively, taking it to the subsequent stage of its improvement and fast progress.”
The previous Chainlink government will substitute Michael Selig, who was appointed Chairman of the Commodity Futures Buying and selling Fee (CFTC) in December 2025. He’ll function the Crypto Job Pressure’s new senior authorized advisor, guaranteeing compliance, danger administration, and guiding authorized interpretation.
Following the departure of Gary Gensler, the SEC’s former performing chairman, Mark Uyeda, established the Crypto Job Pressure to assessment the company’s strategy to digital property and to develop a transparent, complete regulatory framework.
Since its launch, the duty drive has held a number of roundtable occasions to have interaction with business leaders and talk about totally different features of the sector’s regulation, together with tokenization, DeFi, monetary surveillance, and privateness.
SEC Commissioner Hester Peirce, who additionally leads the duty drive, confirmed the information, welcoming Lindman in an X submit. “Welcome to our new Crypto Job Pressure Chief Counsel, Taylor Lindman, who joined the SEC right this moment. I predict nice issues!” the submit reads.
SEC To Advance Digital Asset Regulation
Final week, SEC Chairman Paul Atkins shared how the company plans advance digital property regulation this yr. Talking at ETH Denver alongside Commissioner Peirce, Atkins affirmed that the Fee would transfer ahead with its regulatory work by Challenge Crypto, which was not too long ago relaunched as a joint initiative with the CFTC.
He famous that the 2 Commissions are “planning nice issues collectively – harmonization, joint rulemaking – a standard, coordinated strategy not like something seen earlier than at these two, usually sparring businesses.”
As reported by Bitcoinist, the sister businesses partnered to advance a transparent crypto asset taxonomy, make clear jurisdictional traces, take away duplicative compliance necessities, and scale back regulatory fragmentation.
As well as, he introduced that within the coming months, the company will assessment a number of initiatives, together with a Fee framework “to elucidate how we take into consideration crypto property which are topic to an funding contract.”
As well as, they are going to think about an innovation exemption for corporations to facilitate restricted buying and selling of sure tokenized securities on novel platforms; no-action letters and exemptive orders to supply extra readability; rulemaking on custody of non-security digital property, corresponding to cost stablecoins, by broker-dealers; and a switch agent modernization rulemaking, which is able to “accommodate the position that blockchain can play in recordkeeping.”
Earlier this month, Atkins additionally outlined the SEC’s plan to develop formal steerage on token classification. At a Home Monetary Providers Committee listening to, the chairman famous that regulatory readability for crypto property is “lengthy overdue,” emphasizing {that a} complete federal framework, such because the market construction invoice, can be wanted to supply long-lasting rulemaking that may’t be simply modified.
“Beneath Commissioner Hester Peirce’s management of our Crypto Job Pressure, SEC employees has offered extra readability prior to now yr than within the prior decade, however there isn’t a motion we are able to take that future-proofs our rulebook extra formidably than nonpartisan market construction laws,” he acknowledged.
The whole crypto market capitalization sits at $2.2 trillion on the one-week chart. Supply: TOTAL on TradingView
Featured Picture from NBC Information, Chart from TradingView.com
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