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Hester Peirce

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finance6 months ago

SEC Official Affirms Tokenized Securities Remain Securities

SEC Commissioner Hester Peirce warned that tokenized securities are still subject to securities laws, emphasizing that products like tokenized stocks must comply with federal regulations and highlighting potential risks for investors. Despite regulatory concerns, industry figures see significant growth potential in the tokenized market, with some suggesting investing in Layer 1 blockchain tokens as a way to gain exposure to this emerging sector.

via AMBCrypto|
#blockchain#cryptostocks#finance
cryptocurrency-regulation1 year ago

"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.

via Decrypt|
#bitcoin-etfs#cryptocurrency#cryptocurrency-regulation
cryptocurrency2 years ago

Hester Peirce Asserts SEC Should Approve Bitcoin ETF

Securities and Exchange Commissioner Hester Peirce expressed her belief that there is no reason for the SEC to deny the approval of a spot Bitcoin exchange-traded product (ETF). Peirce, who has long advocated for a Bitcoin ETF, has been vocal about her disagreement with the SEC's actions against crypto companies. While her statements may not guarantee approval, rumors surrounding a potential Bitcoin ETF have had a significant impact on the crypto market.

via Decrypt|
#bitcoin-etf#cryptocurrency#hester-peirce
cryptocurrency-regulation2 years ago

Regulatory Challenges and Controversies Surrounding US Crypto Laws and AI-based Tokens

US Securities and Exchange Commissioner Hester Peirce, also known as "Crypto Mom," argues that cryptocurrency laws in the United States should not assume that every use of crypto is financial. She believes that the regulatory framework should be reserved and flexible enough to accommodate new uses of crypto and blockchain technology. Peirce emphasizes the importance of protecting investors but also allowing individuals to invest their own money as they choose. She advocates for self-regulation within the crypto industry and criticizes the SEC's current approach, calling for a rethinking of how innovation is approached.

via Cointelegraph|
#cryptocurrency-regulation#hester-peirce#non-financial-uses
cryptocurrency-regulation2 years ago

US Falling Behind as EU Adopts Comprehensive Crypto Regulations

SEC Commissioner Hester Peirce has warned that the US risks falling behind the EU and UK in terms of creating clear crypto regulations. Peirce says that the frameworks created by Brussels and London could serve as blueprints for US lawmakers. The Commissioner goes on to say that the US cracking down on prominent crypto companies such as Coinbase instead of creating transparent guidelines is driving crypto firms to move to other jurisdictions that have already established consistent rules.

via The Daily Hodl|
#cryptocurrency-regulation#eu#hester-peirce
regulation2 years ago

SEC Chairman Gensler Faces Criticism and Controversy.

U.S. Congressman Warren Davidson is introducing legislation to remove the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, due to a "long series of abuses." The SEC has been criticized for its enforcement-centric approach to regulating the crypto industry. Commissioner Hester Peirce has also criticized the SEC's approach and stressed the need for practical adjustments to the registration framework to help entrepreneurs register. The SEC has recently ramped up its enforcement actions against cryptocurrency firms, charging Bittrex and Kraken with violations of securities laws.

via Bitcoin News|
#crypto-regulation#gary-gensler#hester-peirce
regulation2 years ago

SEC's Gensler Faces Criticism and Pushback Over Crypto Regulations

US Representative Warren Davidson has announced plans to introduce legislation to remove Securities and Exchange Commission (SEC) chair Gary Gensler from his role, citing a "long series of abuses." The move comes after the SEC's latest announcement about revisiting the proposed redefinition of an "exchange," which has been criticized by crypto advocacy groups and SEC commissioner Hester Peirce. Peirce accused the SEC of expanding its reach to solve problems "that do not exist" and using enforcement actions to develop the law on a case-by-case basis rather than creating clear regulations.

via Cointelegraph|
#crypto#gary-gensler#hester-peirce
cryptocurrency-regulation2 years ago

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.

via The Daily Hodl|
#cryptocurrency-regulation#defi#first-amendment
regulation2 years ago

SEC's Gensler Targets DeFi Exchanges with Proposed Regulations

The SEC announced plans to revisit the definition of what is considered an exchange, which would include DeFi protocols like decentralized exchanges. SEC Chairman Gary Gensler said that investors in the crypto markets must receive the same protections as in all other markets. However, SEC Commissioner Hester Peirce criticized the plan as overly broad and undermining First Amendment protections. DeFi is praised for its decentralization but criticized for its lack of security. DEXs like Uniswap allow anyone to swap crypto coins and tokens without revealing any information. Some in the crypto industry fear that exchange-style regulation for decentralized protocols may stifle innovation in the US and drive businesses offshore.

via Decrypt|
#decentralized-exchanges#defi#gary-gensler