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About two weeks after the SEC formed a crypto task force, unit leader Hester Peirce checked in.  

The rough message: We’re working on a bunch of things, but please be patient. 

Peirce (no surprise) criticized the previous path taken by the SEC. It “incessantly slammed on the enforcement brakes as it lurched along a meandering route with a destination not discernible to anyone.”

Further, its handling of crypto “has been marked by legal imprecision and commercial impracticality” (in case you didn’t already know how Peirce felt). 

It’ll take time to “disentangle…

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