Hester Peirce Urges Clarity on Digital Assets Regulations in the US

Hester Peirce Urges Clarity on Digital Assets Regulations in the US

Hester Peirce, a commissioner with the United States Securities and Exchange Commission (SEC), has called for lawmakers and regulators to provide clarity on digital assets regulations. Peirce expressed her surprise at the SEC’s slow progress in developing a regulatory framework for cryptocurrencies. She highlighted the advancements made by countries like Switzerland and Singapore in this regard. Peirce emphasized the need for concrete ideas and communication between institutions and the SEC to move forward. Despite ongoing civil actions against Coinbase, Binance, and Ripple, she suggested that the agency could have a change of heart regarding crypto-related policies. Peirce encouraged industry players not to give up on the United States and to work towards obtaining clarity on regulations.