Making Markets Hester M. Peirce: The Next Chapter of Crypto Regulations - [Making Markets, EP.55]
6 snips
Feb 14, 2025 Hester M. Peirce, known as the "Crypto Mom" and SEC Commissioner, leads the SEC's new Crypto Task Force. She shares her vision for a balanced regulatory approach that fosters innovation while protecting investors. The conversation dives into the challenges of the Howey test and the need for clearer guidance on crypto assets. Peirce emphasizes the importance of collaboration between agencies and stakeholder input to refine regulations. Moreover, she advocates for empowering investors with essential information to navigate the evolving landscape of cryptocurrency.
AI Snips
Chapters
Books
Transcript
Episode notes
Rebuilding Trust
- Previous SEC policies created uncertainty and hindered the crypto industry's growth in the U.S.
- Rebuilding trust and creating practical rules that don't stifle innovation are crucial.
Engage and Provide Ideas
- Share good ideas with the SEC's crypto task force to help shape regulations.
- Focus on clarifying the SEC's jurisdiction and adjusting rules for broker-dealers and registered investment companies.
Howey Test Concerns
- The Howey Test, used to determine if an asset is a security, might be too broad for crypto.
- Providing clarity on how it applies to tokens and initial coin offerings is essential.
