June 16, 2023

SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507

43 minutes

SEC Commissioner Hester Peirce has a reputation in the industry for being more supportive of crypto than her peers. After a rough year for the industry, Peirce weighs in on whether the agency was right in recently naming several crypto tokens as securities, the state of the current regulatory framework, and the slow pace of change. “All I can say is that I’ve been at the agency for over five years, and it’s very frustrating to me that in that time we haven’t done something more productive,” Peirce tells Unchained.

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Show highlights:

what would Peirce do to regulate crypto if she were chair of the SEC

whether the SEC was right in alleging that SOL, ADA, MATIC, and more are securities

why Peirce says the SEC’s current approach will take many years to find a resolution

whether special purpose broker-dealer licenses are a solution

why Peirce believes that the existing regulatory framework is not enough to oversee digital assets

her views on the pressing need to find a way to make existing regulations comport with a technology that doesn’t require intermediaries

whether the fact that many SEC employees worked on the Hinman speech reflects the opinion of the agency as a whole

why Peirce is “very frustrated” after five years of working at the SEC

why she’s been seen as the “Crypto Mom” and why she thinks it’s so important to provide a clear regulatory framework

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Guest

Hester M. Peirce, SEC Commissioner

Links

Previous coverage of Unchained on the topic:

The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility

These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler

‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer

Gary Gensler vs. Crypto: What Will the SEC Attack Next?

Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’

Unchained:

SEC Sues Coinbase for Breaking Securities Laws

SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities

SEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit

US House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities

Coinbase Seeks to Compel SEC Response to Rulemaking Petition

The Block:

Ripple calls for investigation into former SEC official after document release

Former SEC director Hinman's plan to call Vitalik Buterin revealed in suit

SEC comments on Hinman speech released in Ripple Labs filing

WSJ: Who Is Brian Armstrong? Coinbase CEO Is Taking On the SEC

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By Laura Shin

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