SEC Commissioner and Crypto Mom Clash Over Gensler's Regulatory Agenda.

SEC Commissioner Hester Peirce has criticized Chair Gary Gensler's anti-crypto agenda, particularly the proposal to adjust the definition of "exchange" to include decentralized finance (DeFi) protocols. Peirce argues that this would force centralization and stagnation, and could violate First Amendment protections by creating ambiguity around speech rights. She calls for the SEC to remain open to tweaking its rules to accommodate new technologies, as it did in the 1990s, rather than locking out cutting-edge businesses that can't conform to existing regulatory mandates.