Launch of the WilmerHale Crypto News Center and the SEC’s Crypto Task Force Seeks Input on 48 Questions

Launch of the WilmerHale Crypto News Center and the SEC’s Crypto Task Force Seeks Input on 48 Questions

Client Alert

Authors

Related Solutions

Advising clients where innovation and regulation collide.
WilmerHale has played a leading role in shaping the rules that govern the US financial services industry.
Counseling clients on challenging banking and financial services issues and complex consumer financial services rules and regulations.
WilmerHale’s broker-dealer team draws on its intricate knowledge of the regulatory landscape to advise the world’s leading financial market participants.
Our team provides guidance on all facets of swaps, futures and derivatives market activity, including regulatory compliance, transactions, litigation, and investigations and enforcement.
WilmerHale’s Investment Management Group provides sophisticated legal and regulatory advice to investment advisers, private fund sponsors, registered funds, and their independent trustees.
WilmerHale has a record of success at all stages of enforcement proceedings—from informal inquiries to litigation.
WilmerHale has defended clients in hundreds of class, derivative, shareholder and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct.

Crypto Currently News Center

With the commencement of the Trump 2.0 Administration, the White House, Congress, agencies and certain states have each announced significant developments related to crypto. The WilmerHale Blockchain and Cryptocurrency Working Group is happy to announce the launch of the “Crypto Currently: News Center,” accessible here.

The News Center features a curated collection of the key crypto-related news, events and announcements from the White House, Congress, the Commodity Futures Trading Commission, Securities and Exchange Commission (“SEC”), Prudential Regulators, and state legislatures. Designed to help you stay “current” on the latest developments, the News Center is updated daily. In addition, on each Friday beginning February 28, we will send via email a Weekly Crypto News Digest, featuring the key crypto news from the week.

The SEC Crypto Task Force Seeks Feedback

On Friday, February 21st, SEC Commissioner Peirce, who leads the SEC Crypto Task Force, published a statement including a list of forty-eight specific questions on which the Crypto Task Force is seeking feedback.1 This is the third statement of the Crypto Task Force since it was formed just over a month ago on January 21, 2025, and it further elaborates on the priorities of the Crypto Task Force in addition to seeking specific feedback.2 In Commissioner Peirce’s February 4th statement, she identified ten areas of focus for the Task Force.  In the most recent statement, on those same ten areas of focus, Commissioner Peirce seeks “a wide range of perspectives (including from skeptics)” on “some of the questions with which the Task Force is wrestling.”3 The ten areas on which feedback is sought include:

  • Security Status of Crypto Assets
  • Jurisdictional Limits and No-Action Letters
  • Coin and Token Offerings
  • Registered Offerings
  • Special Purpose Broker Dealer
  • Custody Solutions for Investment Advisers
  • Crypto-Lending and Staking
  • Crypto Exchange-Traded Products
  • Clearing Agencies and Transfer Agents
  • Cross-Border Sandbox

The full list of forty-eight questions is available here.

Parties interested in providing input to the Crypto Task Force may complete the written submission form,4 or request a meeting with the Task Force.5 Both written input as well as meeting summaries will generally be made public on the Crypto Task Force’s website.6

Authors

Notice

We appreciate your interest in WilmerHale. While we are pleased to have you contact us, please keep in mind that merely contacting WilmerHale does not create an attorney-client relationship. Such a relationship will not arise until the Firm agrees in writing to represent you in connection with a particular matter. Importantly, unless and until this has occurred, you should not provide us with any confidential information, and we have no duty to keep confidential any information that we may receive from you. Thank you for your understanding.

I Accept Cancel