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MARKETS DAILY: Crypto Update | SEC Commissioner Hester Peirce Dissents, Questions SEC's 'Enforcement-Driven Approach to Crypto'

Oct 30, 2023

SEC Commissioner Hester Peirce questions SEC's 'Enforcement-Driven Approach to Crypto', discussing the recent SEC case against Library and concerns about discouraging innovation in blockchain technology.

10:37

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Hester Peirce

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Quick takeaways

SEC Commissioner Hester Pierce questions the SEC's enforcement-driven approach to crypto and criticizes the lack of clarity in applying securities laws to token projects.

Pierce expresses concern that the SEC's actions against the blockchain project Library will discourage innovation with blockchain technology.

Deep dives

Crypto markets trended up over the weekend

Bitcoin was trading at $34,621, up 1% over the past 24 hours. Ether was up 1.5%, trading at $1,816. Other tokens also saw increases, with Solana climbing more than 8% and the Axie Infinity token up almost 15%. Crypto spot volumes are now at their highest level since the market volatility in March.

Crypto Market Update, Inflation Expectations, and Stock Performance

6min

SEC Commissioner Dissents and Questions SEC's Approach to Crypto

5min

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, consumer expectations, the U.S. Securities and Exchange Commission and more.

Today's episode is sponsored by CME Group.

Today’s Stories:

Overdue: Statement of Dissent on LBRY

From our sponsors:

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Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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