SEC embroiled in court cases; Hester Peirce says crypto firms shouldn't give up on US
Cointelegraph
18 Sep 2023 9:36 PM
Hester Peirce of the U.S. Securities and Exchange Commission spoke to Cointelegraph at the Permissionless II conference in Austin on regulators' approach to digital assets....
- Hester Peirce, a commissioner with the SEC, is calling for clarity on digital assets and a regulatory framework for cryptocurrencies.
- She believes the SEC is behind other countries like Switzerland and Singapore in terms of crypto regulations.
- Peirce acknowledges that there are knowledgeable individuals within the SEC who understand crypto.
- The SEC, under chair Gary Gensler, has faced criticism for its approach to digital assets and is involved in civil actions against Coinbase, Binance, and Ripple.
- Peirce encourages communication between crypto industry institutions and the SEC and suggests the agency may have a "change of heart" regarding crypto-related policy.
The sentiment of the article is mostly negative, as it highlights the SEC's perceived lag in crypto regulations and its ongoing legal actions against crypto firms.
You May Ask
Who is Hester Peirce and what is her stance on crypto regulations?Which countries does Peirce mention as being ahead of the United States in terms of crypto regulations?What criticism has the SEC faced under the leadership of Gary Gensler?What is Peirce's suggestion for institutions involved in the crypto industry?What recent court case involving the SEC and Binance.US is mentioned in the article?