The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force is visiting Miami as part of its 10-city outreach tour, during which members will meet with early-stage crypto developers, according to SEC Commissioner Hester Peirce.
The Crypto Task Force is a newly established unit within the agency, created to develop a clear and comprehensive regulatory framework for crypto assets. It aims to replace the SEC’s enforcement-led actions with a more proactive and collaborative approach.
SEC’s Hester Peirce: Crypto Task Force to Meet Startups in Miami
The task force, led by Peirce, is set to engage directly with early-stage crypto builders in Miami on January 27, 2026. The outreach program marks a key step in the federal securities regulator’s broader initiative to gather industry feedback to help shape a clearer, principles-based legal framework for digital assets. The Miami meeting specifically targets smaller, early-stage crypto projects and developers, inviting them to share insights on regulatory challenges and market opportunities.
Peirce urged interested participants to send an email to the SEC with “Miami” in the subject line and a brief description of their project.
The initiative, first announced in August 2025, will involve the Securities and Exchange Commission hosting meetings with crypto startups that are less than two years old and have 10 or fewer employees. Many of the roundtable discussions held by the agency last year featured input from crypto and traditional finance heavyweights, including Andreessen Horowitz’s digital assets arm, a16z, and BlackRock, the world’s largest asset manager and spot Bitcoin ETF issuer.
Under the leadership of SEC Chairman Paul Atkins, the Crypto Task Force is moving away from the enforcement-heavy approach enacted under former chairs, particularly Gary Gensler, who headed the agency during President Joe Biden’s term. However, the regulator adopted a more proactive stance following President Trump’s return to the White House, who vowed to make the U.S. the “world capital of crypto.”
Since January 2025, the SEC has conducted direct meetings with industry stakeholders and organized roundtables to craft tailored disclosure frameworks. The Miami visit is part of a broader outreach program designed to engage crypto hubs across the country, reflecting the agency’s intent to collaborate with innovation centers rather than regulate through litigation.
Miami: A U.S. and Global Hub for Blockchain Innovation
Miami has emerged as a global hub for blockchain innovation, making it a strategic location for the Crypto Task Force’s engagement efforts. In 2021, the city launched the Miami-Dade County Cryptocurrency Task Force to study the feasibility of accepting crypto for county taxes, fees, and employee salaries, as well as piloting blockchain-based public services. The task force’s chair, Elijah John Bowdre, continues to advocate for integrating digital assets into government operations.
The 13-member task force has conducted research into other municipalities’ efforts, surveyed residents, and explored partnerships with blockchain entities, including a visit to Wyoming to learn more about its DAO-friendly regulatory environment. Each member is appointed by Miami-Dade County commissioners and is required to have at least five years of experience in cryptocurrency, finance, banking, business development, or cybersecurity.
In September 2025, Bowdre publicly backed the $FUSD appreciating stablecoin as a potential tool to address the city’s $400 million debt crisis, highlighting the task force’s ongoing role in exploring innovative financial solutions to support public-sector goals.
Miami Pushes FUSD Stablecoin to Tackle $400M Debt, Boost Revenue
Launched in July 2025 by FUSD Crypto, a digital asset division of the CMC Group, the token is designed to maintain a stable value while increasing its net worth over time through a dynamic upward price mechanism in which purchases trigger minting and sales trigger burning.
This mechanism is paired with a modest 2.5% transaction tax applied to all buys and sells, with a portion of the fee reinvested into the token’s liquidity pool. This ensures that both buying and selling inject value into the system, pushing the price of FUSD higher over time. The token is backed 1:1 by USDC and is part of a dual-token ecosystem in which Fusion Token (FUST) serves as the utility and growth engine of the protocol. FUST holders can mine FUSD by locking their assets in a “Fusion Miner,” funded by arbitrage profits, FUST token taxes, and external revenue from the CMC Group’s other businesses. This creates a win-win dynamic in which holders earn passive income while contributing to the overall growth of the FUSD ecosystem.
Unlike traditional stablecoins such as USDT, USDC, or RLUSD, which are pegged to fiat currencies—namely the U.S. dollar—and are therefore subject to inflationary pressures, FUSD combines the stability of a stablecoin with continuous price appreciation, offering a model designed to resist inflation and grow in value over time.
However, the initiative remains speculative, with no official implementation plans currently in place. While it seeks to address Miami’s debt crisis and support efforts to increase Florida’s revenue, experts warn that regulatory clarity and broader integration will be essential for its success.
