Because the Trump administration pushes lawmakers and regulators to develop clear regulatory frameworks, a former Chainlink govt has joined the Securities and Alternate Fee’s (SEC) Crypto Process Drive as its new authorized chief.
SEC Appoints New Crypto Process Drive Authorized Advisor
On Monday, Chainlink’s social media introduced Taylor Lindman’s departure from the corporate to hitch the SEC’s Crypto Process Drive as its Chief Counsel. The manager labored at Chainlink Labs for five years, the place he held a number of senior authorized positions, together with Deputy Basic Counsel.
In an X submit, the corporate thanked Lindman for his service, affirming that it seems to be ahead to “modernizing the U.S. monetary system collectively, taking it to the subsequent degree of its growth and fast development.”
The previous Chainlink govt will exchange Michael Selig, who was appointed Chairman of the Commodity Futures Buying and selling Fee (CFTC) in December 2025. He’ll function the Crypto Process Drive’s new senior authorized advisor, guaranteeing compliance, threat administration, and guiding authorized interpretation.
Following the departure of Gary Gensler, the SEC’s former performing chairman, Mark Uyeda, established the Crypto Process Drive to overview the company’s method to digital property and to develop a transparent, complete regulatory framework.
Since its launch, the duty power has held a number of roundtable occasions to interact with trade leaders and focus on totally different features of the sector’s regulation, together with tokenization, DeFi, monetary surveillance, and privateness.
SEC Commissioner Hester Peirce, who additionally leads the duty power, confirmed the information, welcoming Lindman in an X submit. “Welcome to our new Crypto Process Drive Chief Counsel, Taylor Lindman, who joined the SEC at the moment. I predict nice issues!” the submit reads.
SEC To Advance Digital Asset Regulation
Final week, SEC Chairman Paul Atkins shared how the company plans advance digital property regulation this 12 months. Talking at ETH Denver alongside Commissioner Peirce, Atkins affirmed that the Fee would transfer ahead with its regulatory work by means of Mission Crypto, which was just lately relaunched as a joint initiative with the CFTC.
He famous that the 2 Commissions are “planning nice issues collectively – harmonization, joint rulemaking – a standard, coordinated method not like something seen earlier than at these two, typically sparring companies.”
As reported by Bitcoinist, the sister companies partnered to advance a transparent crypto asset taxonomy, make clear jurisdictional traces, take away duplicative compliance necessities, and scale back regulatory fragmentation.
As well as, he introduced that within the coming months, the company will overview a number of initiatives, together with a Fee framework “to clarify how we take into consideration crypto property which are topic to an funding contract.”
As well as, they’ll take into account an innovation exemption for companies to facilitate restricted buying and selling of sure tokenized securities on novel platforms; no-action letters and exemptive orders to supply extra readability; rulemaking on custody of non-security digital property, akin to cost stablecoins, by broker-dealers; and a switch agent modernization rulemaking, which can “accommodate the position that blockchain can play in recordkeeping.”
Earlier this month, Atkins additionally outlined the SEC’s plan to develop formal steerage on token classification. At a Home Monetary Providers Committee listening to, the chairman famous that regulatory readability for crypto property is “lengthy overdue,” emphasizing {that a} complete federal framework, such because the market construction invoice, could be wanted to supply long-lasting rulemaking that may’t be simply modified.
“Beneath Commissioner Hester Peirce’s management of our Crypto Process Drive, SEC workers has supplied extra readability previously 12 months than within the prior decade, however there isn’t any motion we will take that future-proofs our rulebook extra formidably than nonpartisan market construction laws,” he said.
The whole crypto market capitalization sits at $2.2 trillion on the one-week chart. Supply: TOTAL on TradingView
Featured Picture from NBC Information, Chart from TradingView.com
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