These are the working groups shaping US crypto policy for the future

As the crypto market waits for quick gains, U.S. policy makers are laying the groundwork for a long-term regulatory framework. Several key working groups are now collaborating to shape the future of U.S. crypto policy.

February 5, 2025
Society
krypto
Regulation
These are the working groups shaping US crypto policy for the future

Image: Commissioner Hester Peirce heads the Crypto Task Force at the SEC

‍

Le gruppi di lavoro che sono formate il futuro di crypto-política in Stati Uniti sono situati nella Casa Blanca, in Congreso e in diversi institucioni per designar regole practicali e monitorare le mercati. Below you will find the main working groups.

Several key working groups are now collaborating to shape the future of U.S. crypto policy, each with distinct but overlapping mandates.

White House: Presidential Working Group on Digital Asset Markets

At the forefront of this effort is the Presidential Working Group on Digital Asset Markets, established by a presidential order signed by President Donald Trump on January 23, 2025.

  • Leader: David Sacks, White House's AI and Crypto Chief
  • Mandate: Develop a federal regulatory framework for digital assets, including stablecoins, and consider the creation of a national repository for digital assets. The group also aims to protect access to public blockchains and ban Central Bank Digital Currencies (CBDCs).
  • Members: Executives from 11 agencies, including the Treasury Department, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Remarkably, the Federal Reserve is excluded from the core group but can be consulted for expertise.
  • Timeline: Taskforce must map out all relevant regulations within 30 days (by February 22, 2025), submit recommendations within 60 days (by March 24, 2025), and propose a comprehensive federal framework within 180 days (by July 22, 2025).

Congress: Congressional Cryptocurrency Working Group

In parallel with the work of the executive authorities, the Congress has formed its own cross-political working group.

  • Leadership: Cross-political group led by Representative French Hill (R-AR)
  • Mandate: Collaborate on legislation related to stablecoins, market structure, tokenization of real assets, and broader crypto regulation. The group aims to bridge the gap between Congress and federal agencies such as the SEC and the CFTC.
  • Composition: Members from four major committees—House Financial Services Committee, House Agriculture Committee, Senate Banking Committee, and Senate Agriculture Committee.

SEC: Crypto Task Force

The Securities and Exchange Commission has established its own dedicated task force to address crypto-specific issues.

  • Chairman: Acting SEC Chair Mark Uyeda; led by Commissioner Hester Peirce
  • Mandate: Develop a clear regulatory framework for crypto assets, focusing on registration pathways, disclosure policies, and mitigating enforcement-driven regulation. The task force coordinates with Congress and other agencies such as the CFTC.

CFTC: Actively Participating

Als, the Commodity Futures Trading Commission (CFTC) has not formed a specific task force, it plays a crucial role in the overall regulatory landscape:

  • Active member of the Presidential Working Group
  • Coordinates with Congress and the SEC
  • Primarily focussed on monitoring digital commodities such as Bitcoin under the proposed Financial Innovation and Technology for the 21st Century Act (FIT21).

Coordinated efforts

These working groups represent a coordinated effort across multiple branches of government to establish a comprehensive and clear regulatory framework for the crypto and digital asset industries. While the market may be eager for immediate, tradable news, the formation of these groups signals a commitment to thoughtful, long-term policy shaping that may ultimately provide the regulatory clarity and stability the industry has long sought.

These are the working groups shaping US crypto policy for the future

As the crypto market waits for quick gains, U.S. policy makers are laying the groundwork for a long-term regulatory framework. Several key working groups are now collaborating to shape the future of U.S. crypto policy.

February 5, 2025
Society
krypto
Regulation

Image: Commissioner Hester Peirce heads the Crypto Task Force at the SEC

‍

Le gruppi di lavoro che sono formate il futuro di crypto-política in Stati Uniti sono situati nella Casa Blanca, in Congreso e in diversi institucioni per designar regole practicali e monitorare le mercati. Below you will find the main working groups.

Several key working groups are now collaborating to shape the future of U.S. crypto policy, each with distinct but overlapping mandates.

White House: Presidential Working Group on Digital Asset Markets

At the forefront of this effort is the Presidential Working Group on Digital Asset Markets, established by a presidential order signed by President Donald Trump on January 23, 2025.

  • Leader: David Sacks, White House's AI and Crypto Chief
  • Mandate: Develop a federal regulatory framework for digital assets, including stablecoins, and consider the creation of a national repository for digital assets. The group also aims to protect access to public blockchains and ban Central Bank Digital Currencies (CBDCs).
  • Members: Executives from 11 agencies, including the Treasury Department, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Remarkably, the Federal Reserve is excluded from the core group but can be consulted for expertise.
  • Timeline: Taskforce must map out all relevant regulations within 30 days (by February 22, 2025), submit recommendations within 60 days (by March 24, 2025), and propose a comprehensive federal framework within 180 days (by July 22, 2025).

Congress: Congressional Cryptocurrency Working Group

In parallel with the work of the executive authorities, the Congress has formed its own cross-political working group.

  • Leadership: Cross-political group led by Representative French Hill (R-AR)
  • Mandate: Collaborate on legislation related to stablecoins, market structure, tokenization of real assets, and broader crypto regulation. The group aims to bridge the gap between Congress and federal agencies such as the SEC and the CFTC.
  • Composition: Members from four major committees—House Financial Services Committee, House Agriculture Committee, Senate Banking Committee, and Senate Agriculture Committee.

SEC: Crypto Task Force

The Securities and Exchange Commission has established its own dedicated task force to address crypto-specific issues.

  • Chairman: Acting SEC Chair Mark Uyeda; led by Commissioner Hester Peirce
  • Mandate: Develop a clear regulatory framework for crypto assets, focusing on registration pathways, disclosure policies, and mitigating enforcement-driven regulation. The task force coordinates with Congress and other agencies such as the CFTC.

CFTC: Actively Participating

Als, the Commodity Futures Trading Commission (CFTC) has not formed a specific task force, it plays a crucial role in the overall regulatory landscape:

  • Active member of the Presidential Working Group
  • Coordinates with Congress and the SEC
  • Primarily focussed on monitoring digital commodities such as Bitcoin under the proposed Financial Innovation and Technology for the 21st Century Act (FIT21).

Coordinated efforts

These working groups represent a coordinated effort across multiple branches of government to establish a comprehensive and clear regulatory framework for the crypto and digital asset industries. While the market may be eager for immediate, tradable news, the formation of these groups signals a commitment to thoughtful, long-term policy shaping that may ultimately provide the regulatory clarity and stability the industry has long sought.

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