The U.S. Securities and Exchange Commission (SEC) crypto task force, led by Commissioner Hester Peirce, is expected to release its first report soon. SEC Chair Paul Atkins, during a May 20 hearing, emphasized his commitment to making the regulation of digital assets a priority. He responded to inquiries regarding the task force's funding and progress, stating that the results are still under development. While specifics about the financial details were not disclosed, Atkins mentioned that the report would outline proposed steps forward in the coming months. This appearance was one of Atkins' first since his appointment in April, following a nomination by Donald Trump, and suggests a potential shift in the regulatory approach to cryptocurrency. Details regarding the content of the task force's findings are forthcoming as the situation develops.

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