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 Process Power as its new authorized chief.
SEC Appoints New Crypto Process Power Authorized Advisor
On Monday, Chainlink’s social media introduced Taylor Lindman’s departure from the corporate to hitch the SEC’s Crypto Process Power as its Chief Counsel. The chief labored at Chainlink Labs for five years, the place he held a number of senior authorized positions, together with Deputy Basic Counsel.
In an X put up, the corporate thanked Lindman for his service, affirming that it appears to be like ahead to “modernizing the U.S. monetary system collectively, taking it to the subsequent degree of its growth and fast progress.”
The previous Chainlink government will exchange Michael Selig, who was appointed Chairman of the Commodity Futures Buying and selling Fee (CFTC) in December 2025. He’ll function the Crypto Process Power’s new senior authorized advisor, guaranteeing compliance, threat administration, and guiding authorized interpretation.
Following the departure of Gary Gensler, the SEC’s former appearing chairman, Mark Uyeda, established the Crypto Process Power to evaluate the company’s method to digital belongings and to develop a transparent, complete regulatory framework.
Since its launch, the duty pressure has held a number of roundtable occasions to interact with business leaders and focus on completely different elements of the sector’s regulation, together with tokenization, DeFi, monetary surveillance, and privateness.
SEC Commissioner Hester Peirce, who additionally leads the duty pressure, confirmed the information, welcoming Lindman in an X put up. “Welcome to our new Crypto Process Power Chief Counsel, Taylor Lindman, who joined the SEC at present. I predict nice issues!” the put up reads.
SEC To Advance Digital Asset Regulation
Final week, SEC Chairman Paul Atkins shared how the company plans advance digital belongings regulation this 12 months. Talking at ETH Denver alongside Commissioner Peirce, Atkins affirmed that the Fee would transfer ahead with its regulatory work by means of Undertaking Crypto, which was lately relaunched as a joint initiative with the CFTC.
He famous that the 2 Commissions are “planning nice issues collectively – harmonization, joint rulemaking – a typical, coordinated method in contrast to something seen earlier than at these two, usually sparring companies.”
As reported by Bitcoinist, the sister companies partnered to advance a transparent crypto asset taxonomy, make clear jurisdictional strains, take away duplicative compliance necessities, and cut back regulatory fragmentation.
As well as, he introduced that within the coming months, the company will evaluate a number of initiatives, together with a Fee framework “to clarify how we take into consideration crypto belongings 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 further readability; rulemaking on custody of non-security digital belongings, similar to fee stablecoins, by broker-dealers; and a switch agent modernization rulemaking, which is able to “accommodate the function 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 belongings is “lengthy overdue,” emphasizing {that a} complete federal framework, such because the market construction invoice, could be wanted to supply long-lasting rulemaking that may’t be simply modified.
“Beneath Commissioner Hester Peirce’s management of our Crypto Process Power, SEC employees has supplied extra readability prior to now 12 months 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 said.
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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