Hester Peirce, a commissioner with the US Securities and Exchange Commission (SEC) who is known to many in the industry as “Crypto Mom,” has provided a speech with parables that are not a token (NFT) and a review of the agency’s approach to digital assets.
Speaking at an event at the Coin Center on Thursday, Peirce Apparently To joke in response to the speculation that his “days in the SEC (are) as,” his term was given officially expired in June. However, the laws allow SEC commissioners to serve up to 18 months until the US Senate confirmed a replacement.
“Many people have asked me what’s next,” Peirce said. “I can leave the government and make a 180 in Crypto, but the career path is too good for me. My plan has long been moving to beekeeping-delicious and nutritious Honey, and the bees have less glee than most of my Twitter commentators.”
He added that he was joking:
“For post-SEC life, therefore, I should turn to Plan C, or more precisely, plan NFT (…) my NFT collection would be a set of characters I encountered in the world of crypto, especially at current, often uncomfortable intersection with policy.”
https://www.youtube.com/watch?v=motp6j8yszs
Peirce, as one of the four commissioners and three Republicans who are currently serving in the SEC leadership, has often introduced and backs the proposals that favor the crypto and blockchain industry. Following the removal of former chairman Gary Gensler in January, he The launch was announced of a crypto work force aimed at developing a framework for digital possession.
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The “Crypto Mom” of the SEC appeared to make fun of the event attendees, describing NFTs resembling her, crypto CEOs, numbers from traditional finances, regulators and digital asset influencers before moving to a serious agency’s future record.
“I’m sorry that in most of my tenure in the SEC I failed to convince my government colleagues to give you a chance,” Peirce said. “I hope you and the rest of your inspiration will be used at this time – a time where regulation clarity has replaced the ambiguity as the government’s purpose – to produce good things that will enhance the safety, security, happiness, and prosperity of your family, friends, neighbors, and nation.”
The shift of the crypto tone to the SEC since January
Peirce’s comments have never happened. Since Gensler’s removal, which many in the crypto industry criticize the manufacture of a “regulation by implementation” agenda, the SEC has noted its approach to digital property.
Starting in courts, decreases several years of execution laws against crypto companies, and transfer to the rules that some experts say will result in a wave Of the funding approval of the funds, the current SEC path seems to favors the industry by softening regulatory guidelines.
A market structure bill currently moving through the US Senate is also expected to give the agency more clarity on digital possession by promoting clear duties for financial regulators.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
