US forms new Crypto Dream Team to coordinate federal oversight

• The U.S. formed a Crypto Dream Team to align digital asset policy.
• Senior financial and national security regulators joined the group.
• Officials aim to deliver recommendations within months.

Newyork (EtherX)  The U.S. government on Tuesday formed a Crypto Dream Team of senior regulators to coordinate digital asset policy, seeking clearer oversight as lawmakers and markets press for unified federal rules.

The move matters now as Congress faces legislative deadlines and agencies confront overlapping mandates after years of enforcement disputes, industry lobbying, and market swings that exposed regulatory gaps.

Task Force Makeup

The interagency group draws officials from financial regulators, economic policymakers, and national security offices, according to a statement released Tuesday.

A Treasury official said the team will focus on market structure, stablecoins, consumer protection, and risks tied to illicit finance.

“The goal is to ensure agencies are working from the same playbook,” the official said.

Regulatory Pressure

Crypto markets expanded into a multi-trillion-dollar sector at peak valuations, pulling in retail investors, hedge funds, and banks while raising questions over whether existing securities and commodities laws apply.

An SEC spokesperson declined to comment on potential enforcement changes but said the agency would take part in interagency discussions.

Industry Response

Industry groups have called for clearer federal standards after years of court challenges and guidance delivered through enforcement actions rather than rulemaking.

“This is about predictability,” said a policy executive at a major crypto trade group. “Firms need to know which rules apply before capital moves.”

Policy Scope

The task force will review gaps in existing law and provide input to lawmakers debating bills that would define regulator jurisdiction over digital tokens and related platforms.

A senior administration official said the group plans to deliver initial findings by the end of the year.

The effort follows recent market disruptions and renewed attention on stablecoins used in payments and trading.

Market Reaction:

The team is expected to brief congressional committees as early as next month, shaping draft legislation on market structure and stablecoin oversight.

Regulators may also review overlapping actions as jurisdictional boundaries are examined, though officials said enforcement will continue under current law until new rules are adopted.

Market participants will watch whether the effort leads to formal rulemaking or remains a coordination forum without binding authority.