SEC Commissioner Hester Peirce Says Trump Adminstration Should Do Three Things To Boost Crypto Industry

Hester Peirce, the crypto-friendly commissioner at the Securities and Exchange Commission (SEC), says US regulators can do three things to help the digital asset industry. In a new interview on Fox Business, Peirce argues that the first step is to stop trying to prevent crypto from accessing the services it needs to move forward, like custody. “Point two is provide clarity around which things are not within the SEC’s ambit. So which things are not securities and which people don’t have to think about the SEC’s regulatory framework.” Peirce, a Republican, says the third step is for regulators to work with crypto firms to determine where existing regulations apply and “where adjustments need to be made.” “And that needs to be a group exercise. That needs to be done in the public so that everyone can participate in it. And I think we can get to a good place and do that relatively quickly. I mean all of these things do take time, but I think if we put our minds to it we can get to a better place, and I’m hoping that won’t take too long.” Peirce and fellow Republican SEC Commissioner Mark Uyeda have often criticized SEC Chair Gary Gensler for his active approach toward the crypto sector. Both have also dissented against multiple SEC enforcement actions. Under Gensler’s leadership, the securities watchdog launched high-profile enforcement actions against many crypto firms, including industry giants Binance, Kraken, Coinbase, Ripple Labs, Uniswap Labs and Consensys. After Donald Trump’s election victory last month, Gensler announced he would step down in January, on the president-elect’s inauguration day. The SEC chair’s term was set to run until 2026. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post SEC Commissioner Hester Peirce Says Trump Adminstration Should Do Three Things To Boost Crypto Industry appeared first on The Daily Hodl .