An Investment News article titled, "Mark Uyeda-led SEC launches crypto task force" discusses that President Trump revealed plans to create a formal crypto framework as its first order of business. 

The author cites to an article written by Howard Fischer and Liberty McAteer, first published in Barrons, and notes that "in a seemingly prescient commentary, former SEC counsel Howard Fischer and Liberty McAteer, who are both partners at New York law firm Moses Singer, argued that the opportunity to bring clarity to crypto regulation under the Trump administration" might be a "net positive for investors. "Even if the new rules wind up ”unleashing” crypto firms and imposing limits on the ability of regulators such as the SEC and the Commodity Futures Trading Commission to create rules, this alone could bring substantial clarity to numerous questions about cryptocurrency that have stymied investors, consumers, and operators." "No matter what one’s political position, or position on crypto, is, it’s hard to argue that billions of dollars of assets don’t deserve a more traditionally created governance structure than the one that has been built to date."