According to the press release, the CETU aims to combat misconduct as it relates to securities transactions in the following priority areas:

• Fraud committed using emerging technologies, such as artificial intelligence and machine learning
• Use of social media, the dark web, or false websites to perpetrate fraud
• Hacking to obtain material non-public information
• Takeovers of retail brokerage accounts
• Fraud involving blockchain technology and cryptoassets
• Regulated entities’ compliance with cybersecurity rules and regulations
• Public issuer fraudulent disclosure relating to cybersecurity.

SAB No. 122 requires "an entity that has an obligation to safeguard cryptoassets for others" to "determine whether to recognize a liability related to the risk of loss under such an obligation, and if so, the measurement of such a liability, by applying the recognition and measurement requirements for liabilities arising from contingencies in Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Subtopic 450-20, Loss Contingencies, or International Accounting Standard (“IAS”) 37, Provisions, Contingent Liabilities and Contingent Assets, under U.S. generally accepted accounting principles and IFRS Accounting Standards, respectively."

Effective date is 30 January 2025.

According to the SEC press release, the Task Force’s focus will be to help the Commission "draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously."

The Task Force will "operate within the statutory framework provided by Congress and will coordinate the provision of technical assistance to Congress as it makes changes to that framework. The Task Force will coordinate with federal departments and agencies, including the Commodity Futures Trading Commission, and state and international counterparts."

The paper introduces crypto market structure, regulatory frameworks, and policy issues.