Trump's plans to create a more crypto-friendly government. He introduced a new task force. Here's what it could mean for crypto.

President Donald Trump 's newly appointed Securities and Exchange Commission acting chairman, Mark Uyeda, announced the launch of a cryptocurrency task force to be led by Republican commissioner Hester Peirce.

The U.S. Securities and Exchange Commission (SEC) announced the creation of a cryptocurrency task force on Jan. 21, 2025, a day after former Chair Gary Gensler resigned.

With Donald Trump in the White House, the new-look SEC is taking aim at its past crypto regulation tactics and developing a new path forward.

According to a Jan. 21 announcement, the agency is creating a crypto task force dedicated to developing a framework for digital assets. The task force will be led by Commissioner Hester Peirce, often referred to as “Crypto Mom” due to her supportive stance on cryptocurrency regulations

President Trump signed an executive order Thursday promoting U.S. leadership in digital assets and establishing a working group that would be charged with proposing regulations for the crypto industry.

President Trump issued an executive order entitled “Strengthening American Leadership in Digital Financial Technology,” establishing his Administration’s policy “to support the responsible growth and use of digital assets,

CoinShares Head of Research James Butterfill revealed in a recent report that global digital asset investment products raked in about $1.9 billion in inflows in the past week. Butterfill suggested that President Donald Trump's recent executive orders regarding digital finance development in the country fueled the positive transaction volumes.