Stricter crypto laws will stifle innovation, says SEC Commissioner Hester Peirce

Stricter crypto laws will stifle innovation, says SEC Commissioner Hester Peirce

Crypto-friendly SEC Commissioner Hester Peirce called for nuanced cryptocurrency regulations as several agencies pursue stricter policy mandates. Hester Peirce of the United States Securities and Exchange Commission has once again urged regulators to take a step back from attempting to overregulate the crypto space.Speaking to Financial Times, Peirce, affectionately dubbed “Crypto Mom” due to her positive stance on cryptocurrencies, argued against the need for strict regulatory policies.According to Peirce, regulators by nature often have a knee-jerk reaction to emerging market spaces....


Related News

‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce

“I do think there are some issues that crypto raises that are not neatly solved by our existing securities laws,” said the SEC commissioner. Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname “Crypto Mom,” says the regulator may not be able to get by if it simply incorporatesng digital assets into its existing regulatory framework.In an interview with Santander Bank Managing Director John Whelan for the 'Ethereum in the Enterprise - Asia Pacific' online conference today, Peirce said the SEC could learn from other....

SEC Commissioner Peirce Says Regulations Should Be Slow, Though Crypto Rules ...

New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk's Bitcoin for Advisors conference.

SEC’s "Crypto Mom" demands innovation, says you can’t prosecute an algorithm

The commissioner of the SEC, Hester Peirce, told an audience at CFC 2021 that crypto regulation should be focused on innovation, and that the U.S should be number one. SEC Commissioner Hester Peirce spoke at the CFC 2021 virtual blockchain conference on Jan. 20, where she discussed the prospect of working with a new Biden-appointed chairman, and touched on her hopes of providing the cryptocurrency space with some “safe harbor”.Known affectionately by cryptocurrency enthusiasts as “Crypto Mom”, Peirce addressed the changeover at the SEC that saw former chairman Jay Clayton depart his post....

SEC’s conservative approach to crypto needs to change- SEC’s Peirce

“Crypto Mom” Hester Peirce admits the SEC can be slow in giving guidance, but she sees the regulator becoming more open to change. Hester Peirce, commissioner for the United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more interested in the space. In a recent interview with Cointelegraph, Peirce said the crypto landscape is changing quickly.“While we’ve been very slow in giving guidance, there is more and more interest from a wide spectrum of people, both....

Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto

SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together. The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — in remarks she made at “The Regulatory Transparency Project Conference on Regulating the New Crypto Ecosystem: Necessary Regulation or....