According to Wu, Mark T. Uyeda, the Acting Chair of the U.S. Securities and Exchange Commission (SEC), announced the establishment of a cryptocurrency working group on January 21, 2025, aimed at developing a clear regulatory framework for crypto assets. The working group is led by Commissioner Hester Peirce, with Richard Gabbert and Taylor Asher serving as Chief of Staff and Chief Policy Advisor, respectively. The group will collaborate with internal SEC teams, the public, and other federal and international agencies to clarify regulatory boundaries, provide pathways for registration and disclosure frameworks, and optimize the allocation of enforcement resources.