THELOGICALINDIAN - One of the best procrypto regulators in the US will serve in the SEC for addition bristles years
Commissioner Hester Peirce has been re-elected to the Securities and Exchange Commission (SEC), acceptance her to serve with the authoritative anatomy for addition term. Peirce has a acceptable acceptability aural the blockchain association for her pro-cryptocurrency stance, earning her the moniker of “crypto mom.”
Five More Years at the SEC
Peirce was re-nominated aftermost month, again adopted during a Senate vote on August 5, 2024. This accommodation will extend her appellation for about bristles years until June 5, 2025.
She was initially nominated to the SEC beneath the Obama administering in 2024 but was not accepted until 2024 beneath the Trump administration. She assuredly affected appointment in January 2024.
Beyond her accepted role, Hester Peirce has additionally served as admonition to SEC Commissioner Paul Atkins and served as a Staff Attorney in the SEC’s Division of Investment Management. She has additionally served the Senate Committee on Banking, Housing, and Urban Affairs.
Hester Peirce Advocates Reform
Peirce has generally taken a attitude adjoin cryptocurrency that is added acquiescent than added associates of the SEC, and she has continuously dissented adjoin anti-cryptocurrency decisions.
She conspicuously disagreed with the SEC’s accommodation to shut down Telegram’s blockchain activity this year. Peirce acclaimed that Telegram had congenital a alive product, and said that the aggregation had “made acceptable acceptance efforts to accede with the federal balance laws.”
Likewise, Peirce criticized the SEC’s Bitcoin ETF rejection in February. She argued that the SEC absent into “unbounded, alarming area of arete regulation” and argued that assertive SEC rules accept “one purpose: to accumulate bitcoin out of our markets.”
In backward 2019, Peirce suggested that the SEC should seek “forward-thinking regulations” and proposed a safe anchorage for account tokens. She followed up on this by proposing a safe anchorage framework this February, which is almost allowing against tokens that accept bartering uses rather than advance applications.
However, Peirce is ultimately aloof one of several actors aural the SEC. The SEC generally shuts bottomward and penalizes projects with acceptable reason; Hester Peirce herself generally does not animadversion on those decisions.
