SEC Chair Peirce Encourages Crypto Firms to Innovate
- SEC’s new leadership aims to modernize crypto regulations and encourage innovation.
- SEC dropped enforcement cases like Coinbase’s, signaling a softer approach.
- Peirce’s Crypto Task Force works on clear rules to distinguish securities.
- SEC now encourages compliant crypto innovations while ensuring investor protection.
In a major shift, SEC Commissioner Hester Peirce, often called “Crypto Mom,” apologized for the agency’s past approach to cryptocurrency and encouraged the industry to act quickly in building compliant innovations. This change in tone comes after new leadership at the SEC, with Paul Atkins replacing Gary Gensler as Chairman, leading to a more balanced and supportive stance on digital assets. Under…
