Hester Peirce

Long-time crypto industry advocate SEC Commissioner Hester Peirce on Tuesday gave her normal spiel about her frustrations with how the agency is overseeing crypto companies

The exchange argues that SEC acted arbitrarily in denying the petition for rulemaking, which Coinbase filed in June 2022

Peirce and Uyeda have previously come out in support of some crypto companies, and were two of three to vote in favor of the bitcoin ETFs

The SEC’s newest rule brings hedge funds, proprietary trading firms and crypto companies that trade more than $50 million in US Treasurys and/or securities under its purview

The so-called “gag-order” rule prevents those who settle with the regulator from claiming innocence or questioning the validity of the SEC’s allegations

SEC Commissioner Hester Peirce noted that the agency doesn’t plan to face another court case to approve such products

Public statements from four of the SEC’s five-member leadership team suggest a contentious debate over today’s approval

The decision, praised by chair Gary Gensler, was announced Friday

Commissioner Peirce would have done things differently if she could when it comes to her agency’s crypto enforcement actions

The lawsuit “illustrates the arbitrariness and real-life consequences of the commission’s misguided enforcement-driven approach to crypto,” Peirce says

Hollywood superstar-backed Stoner Cats has neither admitted nor denied the SEC’s allegations that it issued an unregistered security

SEC Commissioner Hester Peirce joined Rep. Tom Emmer, former CFTC Commissioner Brian Quintenz and Blockchain Association CEO Kristin Smith to talk policy at Permissionless Monday

Uyeda and Peirce believe questions around NFTs need to be answered before further enforcement actions

Legislation must form the bedrock for digital financial policy, the CFTC Global Markets Advisory Committee member said, and laws around stablecoins could be first

The crypto industry has potential, but it should also listen to its critics, Peirce said

Under the proposal, the SEC will have authority to oversee all assets under adviser supervision, not just funds and securities

Peirce’s move marked a relatively rare instance of public dissent from within the ranks of the US securities regulator

Peirce, who the cryptocurrency community has affectionately dubbed ‘crypto mom,’ has long advocated for greater clarity around digital asset policies.