In the latest developments in the cryptocurrency space, the US Securities and Exchange Commission (SEC) has announced the formation of a Crypto Task Force aimed at establishing a regulatory framework for digital assets. This comes after the departure of former Chair Gary Gensler. The task force, led by Commissioner Hester Peirce, seeks to define clear regulatory guidelines, facilitate paths for registration, and ensure judicious use of enforcement resources. Meanwhile, Dogecoin experienced an uptick of over 11% after Elon Musk's Department of Government Efficiency unveiled its official website featuring the cryptocurrency’s logo. Despite this rally, Dogecoin's price remains nearly 48% lower than its all-time high. Furthermore, President Donald Trump concluded his first day in office with numerous executive actions, none of which addressed cryptocurrency. Some commentators are hopeful for potential upcoming actions concerning crypto policies, including opposition to central bank digital currencies and the establishment of a crypto council.

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