Hester Peirce, Commissioner of the Securities Exchange Commission (SEC), introduced the mandate and objectives of the newly formed Crypto Working Group, saying that the current 10 tasks of the working group include: examining the status of different types of crypto assets under securities laws, helping to identify some areas that do not fall under the Commission's jurisdiction, considering recommending that the Commission take action to provide temporary forward-looking and retrospective relief for tokens or token offerings that provide certain specific information to issuing entities or other entities willing to be responsible, recommending that the Commission amend existing registration pathways, exploring possible updates to the no-action statement for special-purpose broker-dealers, working with investment advisors to provide an appropriate regulatory framework, clarifying whether securities laws cover crypto lending and pledging programs, providing clarity on methods for approving or disapproving the use of crypto ETFs The statement, plans to work at the intersection of cryptocurrency and clearing house and transfer agency rules, promotes a cross-border sandbox approach for crypto projects.