U.S. Securities and Exchange (SEC) Commissioner Hester Peirce Confident that there is no need for a separate regulator for cryptocurrencies. In an interview to Coin Desk TV on December 30, 2021 Thursday she said that She believes that there is no need for a separate regulator for cryptocurrencies.
In recent times, voices for a separate regulator are increasing as failure of SEC to provide a concrete regulatory progress to regulate cryptocurrencies. U.S. Sen. Cynthia Lummis is also among who support for the creation of a private, self-regulatory organization (SRO) for the industry.
Known as Crypto mom for her longstanding support for the Crypto industry, Hester Peirce committed that Commission had been regulating cryptocurrencies by enforcement. She has been very vocal for the Commision failure to provide working regulatory framework for the crypto industry, and its tendency to regulate by enforcement.
She however, hoped that SEC will actively engage the stakeholders to work towards regulatory clarity for Cryptocurrencies. In her interview she said “I’m just hopeful that we set our minds to work at building something that makes sense in terms of regulatory clarity, instead of always just falling back on enforcement”.
