EddieJayonCrypto
10 Dec 24
SEC Commissioner Hester Peirce criticizes "Operation Chokepoint 2.0," calling for an end to government tactics restricting crypto industry access to essential services. She advocates for clear distinctions on securities within the SEC’s scope and emphasizes the need for collaborative, public rule-ma...
SEC Commissioner Hester Peirce advocates for an end to government restrictions on crypto services access and calls for clear distinctions on securities within the SEC's scope. She emphasizes the crucial need for collaboration with the crypto sector on public rule-making.
Peirce criticizes "Operation Chokepoint 2.0" and urges an end to government tactics restricting crypto industry access to essential services. She emphasizes the importance of bringing clarity and fairness to crypto regulations.
In an interview with Fox Business, Peirce outlined steps to stop the approach of preventing crypto from accessing necessary services and establishing clear boundaries separating the SEC's jurisdiction. She also called for collaborative efforts between regulators and the crypto sector to determine the application of existing rules and identify necessary changes.
David Sacks, the White House Crypto Czar, supports Peirce's stance and highlights the harm caused by regulatory practices, urging for an investigation into Operation Choke Point 2.0. Critics argue that the operation mirrors the original Choke Point, targeting the crypto industry and stifling innovation.