Mapping the Future of the SEC (There’s a Nonzero Chance Hester Peirce Takes Over)
The future of the U.S.’s federal securities regulator, and perhaps the direction of cryptocurrency policy, is up in the air. We game out the scenarios.
Increased interest in the crypto space will necessitate a more accommodative stance, the commissioner predicted.
While Peirce steered clear of commenting on specific DeFi projects like SushiSwap, she pointed out that issuers of governance tokens do have to think about how they share characteristics with equities.
New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk's Bitcoin for Advisors conference.
Peirce disagrees with the SEC finding on Unikrn and warns imposing a $6.1 million penalty will have a chilling effect on innovation.
"Crypto Mom" took no prisoners in her fiery rebuke of the SEC's Telegram action.
A Beijing lawyer calls on the SEC to consider Hester Peirce's Safe Harbor proposal, which exempts startups from securities law while starting up. Without greater certainty around token sales, the U.S. risks falling behind other jurisdictions in blockchain commerce.