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It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Thursday, January 23rd, and today we are talking about the SEC

getting a move on. Before we get into that, however, if you are enjoying the breakdown, please go

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bit.ly slash breakdown pod. Well, friends, the SEC is moving rapidly on from the Gensler era, getting a quick start on

pro-cryptop policy changes. The agency has specifically announced a formal crypto task force

dedicated to developing a framework for digital assets. What's more, the task force will be led

by Crypto Mom herself, Commissioner Hester

Perce, and includes a dedicated chief of staff and chief policy advisor. Fellow Republican

Commissioner Mark Uwita has been selected as acting chair while the agency awaits the confirmation

of Paul Atkins. An SEC announcement said, the task force's focus will be to help the commission

draw clear regulatory lines,

providing realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

End quote.

Short-term plans include hosting roundtable discussions to gather insights from the industry.

The SEC also plans to coordinate with other federal agencies, particularly the CFTC,

as well as state and international regulators.

The SEC framed crypto policy as an agency-wide effort. A statement said the ultimate goal was to,

quote, set the SEC on a sensible regulatory path that respects the bounds of the law. It noted that,

quote, to date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively

...