The United States Securities and Exchange Commission (SEC) announced on Jan.21 the formation of a cryptocurrency task force aimed at establishing a unified regulatory framework for digital assets.

According to the SEC, the task force will provide regulatory clarity for the crypto industry and focus on a measured approach to enforcement.

It will assist lawmakers in drafting cryptocurrency legislation and collaborate with federal agencies, including the Commodity Futures Trading Commission, as well as state and international bodies.

The initiative aligns with ongoing efforts to address the evolving cryptocurrency landscape.

It aims to establish clear regulatory measures for the sector.