"SEC Commissioner Peirce Advocates Decentralization and Clarity in Crypto Regulation"

SEC Commissioner Hester Peirce criticizes the agency's "regulating by enforcement" approach and delays in approving spot Bitcoin ETFs, expressing frustration over the Grayscale case and the agency's handling of Ethereum spot ETF applications. She advocates for clear regulatory guidelines and a common sense approach, suggesting collaboration between crypto enthusiasts and policymakers. Peirce supports the idea of a token "safe harbor" and emphasizes the SEC's role in prosecuting fraud in the crypto space, while also admonishing investors for seeking help from regulators after making bad trades.