SEC Commissioner interviewed regarding crypto

[Matt Collins]

https://www.youtube.com/watch?v=FakV_Sm_0TA​

 

[pmbug]

Hester Pierce has been the lone voice of reason within the SEC for a while now. You can find more of her statements posted on the SEC website:

https://www.sec.gov/news/speeches-s...erson_target_id=Commissioner Hester M. Peirce

Her statement from Jan 10 is pretty scathing.

 

[Matt Collins]

Hester Pierce has been the lone voice of reason within the SEC for a while now. You can find more of her statements posted on the SEC website:

Really?

I wasn't impressed with her interview, she talked and said much of nothing. Not to mention she seems to be advocating for regulation. Am I missing something?

 

[pmbug]

Really?

I wasn't impressed with her interview, she talked and said much of nothing. Not to mention she seems to be advocating for regulation. Am I missing something?

Read the Jan 10 statement at the link.

She was very diplomatic in that interview. But if you are familiar with her history, you will grok what she is really saying.

 

[pmbug]

https://www.sec.gov/news/speech/peirce-remarks-association-private-enterprise-education-040824

She's diplomatic because she has to work with her colleagues. But she is fighting for a sane/honest approach

 

[Occam's Banana]

Hester Pierce has been the lone voice of reason within the SEC for a while now. You can find more of her statements posted on the SEC website:

https://www.sec.gov/news/speeches-s...erson_target_id=Commissioner Hester M. Peirce

Her statement from Jan 10 is pretty scathing.

Really?

I wasn't impressed with her interview, she talked and said much of nothing. Not to mention she seems to be advocating for regulation. Am I missing something?

She was (at least post facto) critical of the SEC's persecution of Jeremy Kauffman's LBRY, for whatever one thinks that might be worth:

https://twitter.com/HesterPeirce/status/1717965338489352613

Overdue: Statement of Dissent on LBRY
https://www.sec.gov/news/statement/peirce-statement-lbry-102723
{Commissioner Hester M. Peirce | 27 October 2023}

[...]

https://twitter.com/jeremykauffman/status/1717984290179342475

https://twitter.com/jeremykauffman/status/1717983074363768933

https://twitter.com/NotGovernor/status/1718014400089440309

 

[pmbug]

Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively.

Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.

The Task Force’s focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

The Task Force will operate within the statutory framework provided by Congress and will coordinate the provision of technical assistance to Congress as it makes changes to that framework. The Task Force will coordinate with federal departments and agencies, including the Commodity Futures Trading Commission, and state and international counterparts.

“I look forward to the efforts of Commissioner Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices,” said Acting Chairman Uyeda.

“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties. We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation,” stated Commissioner Peirce.
...

https://www.sec.gov/newsroom/press-releases/2025-30

This is good news. Uyeda and Pierce have been reasonable and fair actors on the SEC board that were outnumbered by Gensler and puppets. Now they are in a position to set policy.

 

[pmbug]

Thought you might enjoy this Collins:

...
However, not all SEC members share a negative stance on cryptocurrencies. One notable exception is Hester Peirce, a commissioner widely known in the crypto community as "Crypto Mom" for her supportive policies and advocacy for progressive initiatives in the industry.
...

More:
https://simpleswap.io/blog/faces-of-the-crypto-industry-who-is-hester-peirce