Hester Peirce (@HesterPeirce) is a Commissioner at the U.S. Securities and Exchange Commission. She previously served as the director of the Financial Markets Working Group at George Mason University's Mercatus Center. 

This episode covers almost every pressing issue in crypto law, as Commissioner Peirce shares her thoughts on stablecoin regulation, the future of the SEC, the fourth prong of Howey & much, much more. 

Show highlights:

[1:50] Stablecoin regulation

[6:10] Regulatory philosophy

[12:00] Safe harbor update

[18:00] Information asymmetry vs code transparency

[22:00] Smart contracts

[24:00] Accredited investor exemptions

[28:00] Sufficient decentralization & DAOs

[34:00] Evolving tokens: from a security to non-security

[36:20] NFTs & securities law

[39:00] Bitcoin ETP

[43:00] Crypto custody

[47:00] Advice & habits

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Disclaimer: Jacob Robinson and his guests are not your lawyer. Nothing herein or mentioned on the Law of Code podcast should be construed as legal advice. The material published is intended for informational, educational, and entertainment purposes only. Please seek the advice of counsel, and do not apply any of the generalized material to your individual facts or circumstances without speaking to an attorney.