One of the SEC’s most influential commissioners, Hester Peirce, is a big believer in cryptocurrency and hopes that despite some physiological failures of the market’s worst companies, there won’t be another season of rushing toward redundant crypto regulation.
As an early estimator that she is, Hester Peirce, commissioner of the U.S. Securities and Exchange Commission, is entirely optimistic that the crypto asset can establish and expand in the coming years but also hopes that the recent FTX affair will not push regulators toward a rush to buffer laws in the wake of the losses of scammed users.
Peirce, who at the time of the statements was not yet aware that former FTX CEO Sam Bankman-Fried had been arrested in the Bahamas on a US warrant and that the Securities and Exchange Commission had not yet placed him under indictment for allegedly defrauding the company’s equity investors, believes that the world of digital currencies must inevitably go through these ugly chapters of
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