Golden Finance reported that earlier this week, U.S. Securities and Exchange Commission Commissioner Hester Peirce was appointed to lead the agency’s newly announced cryptocurrency working group. However, investment bank TD Cowen said her term will end in June, raising concerns about the progress of the cryptocurrency task force. SEC members may serve for an additional 18 months after their term expires. The SEC’s move to create a task force is an important and overdue step toward regulatory transparency in the crypto space, TD Cowen’s Washington research group, led by Jaret Seiberg, wrote in a report on Thursday. "Our only concern is that Peirce may leave her position when her term expires in June," the report said. Peirce is often called "Crypto Mom" ​​for her support of innovation in the cryptocurrency space, and she has long advocated for balanced cryptocurrency regulation. .