US SEC unveils task force to start work on crypto regulations

WASHINGTON, D.C.: The U.S. Securities and Exchange Commission (SEC) announced this week that it has created a task force to develop clear rules for cryptocurrencies.

This is the first major step by President Donald Trump's new administration to change how crypto assets are regulated.

Trump, who called himself a "crypto president" during his campaign, promised to reverse the SEC's crackdown on the industr