EddieJayonCrypto
1 Mar 24
During her talk at ETHDenver, SEC Commissioner Hester Peirce criticized the SEC's "enforcement-only mode" regarding crypto and expressed frustration with the regulator's judgment on crypto as an asset class. She advocated for developing regulatory frameworks for crypto and has twice proposed her own...
During her talk at ETHDenver, SEC Commissioner Hester Peirce criticized the SEC's "enforcement-only mode" regarding crypto and expressed frustration with the regulator's judgment on crypto as an asset class. She advocated for developing regulatory frameworks for crypto and has twice proposed her own safe harbor proposal. Peirce also spoke openly about her frustration with the regulator’s willingness to seemingly pass judgment on crypto as an asset class and expressed hope for SEC Chair Gensler to change his tune to the industry.
U.S. Securities and Exchange (SEC) Commissioner Hester Peirce spoke out against the SEC's approach to cryptocurrencies during her recent appearance at ETHDenver. She expressed her dismay at the regulator's tendency to operate in an "enforcement-only mode" and indicated her hope for SEC Chair Gensler to shift his stance toward the industry. Peirce spoke candidly about the need for clearer rules in the crypto space, allowing for more innovation and development in the field. Additionally, she highlighted her frustration with the SEC's past actions, such as suing various crypto-related entities and trying to regulate crypto under the same rules as traditional investments like stocks. Peirce's call for the development of regulatory frameworks and her advocacy for her own safe harbor proposal demonstrate her commitment to fostering a more favorable environment for crypto. This marks a notable shift in the SEC's approach to cryptocurrencies, and Peirce's remarks serve as a rallying cry for a more positive regulatory outlook on the industry.
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