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    Who Is Hester Peirce? ‘Crypto Mom’ Heads SEC’s New Crypto Task Force

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    The US Securities and Trade Fee (SEC) announced a devoted cryptocurrency activity power on 21 January 2025.  “Commissioner Hester Peirce will lead the duty power,” the announcement mentioned.

    Individuals within the crypto world are optimistic about Peirce’s appointment as the duty power’s chief.

    Peirce has been referred to as “Crypto Mother” for her pro-crypto stance and her dissenting views on enforcement actions (particularly by Former Chain Gary Gensler) that she believed to be excessively harsh or ineffective.

    “Richard Gabbert, Senior Advisor to the Appearing Chairman, and Taylor Asher, Senior Coverage Advisor to the Appearing Chairman, will function the duty power’s Chief of Employees and Chief Coverage Advisor, respectively.”

    Discover: In Gensler’s Final Act, SEC Sues Helium Creator Nova Labs For Alleged Unregistered Securities Sales

    Netizens Welcome ‘Crypto Mother’

    Peirce constantly argued that uncertainty stifles innovation and will drive corporations offshore. 

    In earlier statements, Peirce has referred to as for a “protected harbor” interval for blockchain initiatives, permitting them time to develop with out worry of speedy regulatory repercussions.

    Netizens have reacted positively to her appointment as the pinnacle of the duty power. Her management of the duty power is seen as a promising growth for individuals who imagine in fostering a balanced method to regulation—one which protects buyers whereas encouraging technological development.

    Persons are additionally crediting Trump for “shifting quick” after taking workplace.

    Discover: Trump’s SEC Will Re-Examine 83 Crypto Cases, Can Dismiss Actions Without Fraud Allegations

    New SEC Boss Revealed: Who’s Mark Uyeda?

    Uyeda will not be a brand new face to these actively following the evolution of crypto regulation within the US. 

    Judging by his previous feedback, he’s a staunch supporter of crypto innovation. His short-term appointment comes at a pivotal second, because the crypto business—value trillions as of early January—seeks a much less adversarial regulator and a proponent of innovation.

    Uyeda has been a vocal critic of Gensler’s management of the SEC, notably relating to the “regulation by enforcement” method. In an interview, he described the choice to proceed on this method as a “catastrophe.”

    This makes it evident that Uyeda favors clearer, extra coherent legal guidelines and steering over punitive measures, which solely serve to discourage innovation.

    Throughout Gensler’s tenure, the SEC issued over 100 enforcement actions, together with these in opposition to Binance and Coinbase, amongst different corporations.

    Collectively, crypto corporations spent a whole lot of thousands and thousands of {dollars} on authorized charges—funds that might have been higher spent defending buyers or working crypto schooling campaigns.

    Moreover, the brand new SEC chair has criticized insurance policies just like the Employees Accounting Bulletin 121 (SAB 121), which successfully prevents banks from serving crypto corporations and people.

    Discover: Who is Mark Uyeda? New SEC Chief Could Spark a Crypto Golden Age

    The put up Who Is Hester Peirce? ‘Crypto Mom’ Heads SEC’s New Crypto Task Force appeared first on 99Bitcoins.



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