Unchained

The Chopping Block: Hester Peirce on Freedom, Fraud, & Fixing the SEC - Ep. 810

28 snips
Apr 2, 2025
Guest
Hester Peirce
Hester Peirce, known as "CryptoMom," is an SEC Commissioner and a champion of a freedom-first regulatory approach. In this engaging discussion, she reflects on the SEC's shift in vibe under the current leadership and advocates for trust-building with crypto founders. Peirce also tackles the complexities of meme coins, suggesting they may just be collectibles. She critiques the outdated Howey Test, emphasizes self-regulation through proof-of-reserves, and ponders what real regulatory clarity might look like in the crypto landscape.
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INSIGHT

Freedom First Approach to Regulation

  • Hester Peirce prioritizes individual freedom in her approach to regulation.
  • She believes regulators should only intervene when absolutely necessary.
ADVICE

Engage with the SEC

  • Entrepreneurs should engage with the SEC to understand the regulatory landscape.
  • Open communication can help navigate the application of securities laws.
INSIGHT

Founder Hesitancy

  • Founders are hesitant to interact with the U.S. government due to past experiences.
  • The fear of SEC lawsuits makes them cautious, despite the perceived shift in regulatory tone.
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