US SEC: Coin industry needs safe harbor so it doesn't have to worry about sanctions

The U.S. Securities and Exchange Commission (SEC) Cryptocurrency Task Force (TF) has stated its position that a "safe harbor" is necessary for the development of the cryptocurrency industry.
He explained that innovative ideas must be actively supported at the government level so that they do not become an obstacle to the industry.
In an interview on the same day, Commissioner Pierce emphasized that "a safe harbor must be established to promote innovation in the virtual asset industry." Commissioner Pierce is the head of the SEC's Virtual Asset Task Force.
He said, "The SEC's goal is to help good ideas for virtual assets come to fruition," and that "the virtual asset industry should not worry about SEC sanctions.
"Yes," he argued.