According to online reports, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce introduced the tasks and goals of the newly established Crypto Working Group, saying that the current 10 tasks of the working group include: Are reviewing the status of different types of crypto assets under securities law, helping to identify some areas that are not within the Committee's jurisdiction, considering recommending that the Committee take action to provide certain specific information to the issuing entity or other entity willing to be responsible for providing temporary forward-looking and retroactive relief, recommending that the Committee revise existing registration channels, exploring possible updates to special purpose broker-dealers 'no-action statements, Work with investment advisers to provide an appropriate regulatory framework, clarify whether securities laws cover crypto lending and pledge plans, provide clear statements on the methods for approving or disapproving the use of crypto ETFs, and plan ways to work on the intersection of cryptocurrencies and clearing houses and transfer agency rules to promote cross-border sandboxes for crypto projects.