Unchained SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507
Jun 16, 2023
Hester Peirce, known as 'Crypto Mom' and SEC Commissioner, shares her insights on the frustrating pace of crypto regulation. She discusses the SEC's recent classification of tokens as securities and how the current framework struggles to keep up with innovative blockchain technology. Peirce advocates for a more tailored regulatory approach and addresses the complexities of integrating public blockchains into existing laws. With five years at the SEC, she expresses her desire for a productive shift in policy that supports both innovation and consumer protection.
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Peirce's Regulatory Approach
- If Hester Peirce were SEC chair, she would address discrete crypto issues.
- She would create position papers for public comment and discussion.
Key Regulatory Areas
- Peirce emphasizes the need for clear token disclosure rules and trading platform regulations.
- Custody, stablecoins, and regulatory frameworks are also key concerns.
Fairness of SEC Enforcement
- Some find it unfair that the SEC names tokens as securities without issuer involvement.
- This makes it hard for issuers to defend themselves in lawsuits.