The crypto industry is getting a little help from Mom.

From Marketplace, I'm Surrey Beneshore, in for David Brancaccio.

Among the many shifts underway in the first week of the new Trump administration,

a change in how cryptocurrency assets are regulated by the Securities and Exchange Commission.

In charge now of that transition is someone the crypto industry has dubbed

Crypto Mom. Marketplace's Nova Sappho is here with more. Good morning. Who is Crypto Mom?

So that's Hester Perce. Trump appointed her to the SEC during his first term. Purs filed dissenting

opinions over a number of crypto-related enforcement actions,

and the crux of her dissent is that the SEC under Biden relied too much on enforcement and not

enough on setting actual rules of the road for crypto assets. And Pursk wants to see a light touch on

regulation with markets deciding what's a good crypto investment and what's not. Here's a bit of a speech she gave three

years ago at the conservative and libertarian group, the Federalist Society. The SEC could think

through issues with people in the crypto community with an eye toward achieving our regulatory

objectives in a pragmatic but effective way. By doing so, we could both facilitate good actors

compliance and importantly

inhibit bad actors much more effectively than we do through the resource intensive, often

delayed enforcement approach that we've taken so far. And she, Hester Purse, is in charge of what

the SEC is calling SEC Crypto 2.0. What does that mean?

Settle, isn't it? Well, Perce is going to be heading a task force to develop that crypto regulatory

framework she's been calling for for all this time the last four years. So the task force is charged

with tackling registration requirements for

crypto-based assets. What kind of disclosures might be necessary and other outstanding questions?

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