Hester Peirce, commissioner of the SEC, considers it necessary to advance regulations for the crypto sector

The commissioner of the United States Stock Exchange and Securities Commission (SEC), Hester Peirce, urged to advance quickly in the regulation of the cryptocurrency sector. During your speech at the annual dinner of Coin Centerthe official apologized for the critical attitude of the agency towards the industry and raised a more collaborative future between regulators and actors of the crypto ecosystem.

Regulatory matters need to advance

According to a report published by the medium The BlockPeirce acknowledged that during most of his management he could not convince his colleagues to give space to the development of cryptocurrencies. However, he pointed out that today there is a different context, where regulatory clarity begins to replace ambiguity as a governmental objective. “I hope that you and others who have inspired take advantage of this time to build good things that reinforce the security, happiness and prosperity of their families, neighbors and nation”He said.

The turn of the Sec, According to Peirce, he responds to a change of page initiated during the Trump administration with the appointment of Paul Atkins as president of the agency. Since then, the entity created a Crypto Working Group led by her, he left several cases against companies in the sector and launched “Project Crypto” to modernize the rules on digital assets. This new position contrasts with the strategy of former president Gary Gensler, who opted for caution and regulation through compliance actions.

Under the direction of the former director, Gary Gensler, the Sec He had started multiple cases against large crypto firms and argued that most cryptocurrencies were values. Peirce was one of the critical voices of that approach and defended a clearer and clearer regulatory framework for innovation. The official reiterated that her goal was “Allow the industry to flourish with defined rules instead of punitive actions.”

Let’s keep in mind that, in a recent interview, Gensler said “Not being repentant” of none of his actions during his mandate in the Sec, Especially those for the crypto sector, emphasizing that the agency’s vision was always focused on due consumer protection and regulatory compliance.

Now, under a new administration, Peirce has had a much more significant role in crypto. Weeks ago stressed that the tokenization of values ​​must go through the eye of the Sec, since despite operating in Blockchain, It would be assets that fall within the jurisdiction of the agency. He also assured that they will continue working to take bad actors to justice, especially those who want to violate regulations through cryptocurrencies and/or projects based on new technologies.

Making satire of the NFT

In his speech, Peirce also addressed the issue of Non -fungible tokens (NFT). He recalled that the agency had investigated several collections and proposed in order to create its own NFTS series called “The Dog’s Breakfast”which would include both critical and defenders of the crypt world.

Among the examples, he mentioned a NFT called “Cryptomom”, with slightly confused expression, and another called “Lost-in-Low”, which represents a lawyer with law book and white shoes.

This discourse reinforces the perception of a significant change in the regulatory policy of the Sec towards cryptocurrencies. For many ecosystem observers, these statements of Peirce represent a call to build on a more stable regulatory basis and take advantage of the opportunity to innovate with responsibility and security. Its conciliatory tone makes a difference with previous years of tensions and sends an opening message to investors and developers.

Finally, the commissioner took the occasion to joke about her personal plans when she leaves the Sec. He revealed his intention to devote himself to beekeeping, highlighting that honey is “Delicious and nutritious” and that bees bite less force than some of their critics on social networks. This wanted to underline his optimism about a new chapter in his life and in the relationship of the agency with the crypto sector.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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