U.S. Securities and Change Fee (SEC) official Hester Peirce is launching one other broadside towards her company over its regulation of the crypto sector.
Whereas talking on the Blockchain Affiliation’s Coverage Summit this week, Peirce, one of many SEC’s 5 appointed commissioners, argues that the regulator is bringing enforcement actions towards previous instances “with out clear rhyme or motive.”
“There’ll come a time when individuals say, wait, do we actually wish to drive all of those corporations out of the US? When that point comes we should be prepared with new concepts for US regulation.”
Peirce says she’s unsure if the SEC’s present registration mannequin works for crypto. The commissioner has been nicknamed “Crypto Mother” by members of the digital asset group resulting from her previous pushback on enforcement actions towards the sector.
Final month, Peirce launched an announcement criticizing the SEC’s enforcement motion towards the blockchain-based file-sharing cost community LBRY.
In August, she and Commissioner Mark Uyeda dissented towards the company’s enforcement motion towards media firm Impression Idea’s non-fungible token (NFT) gross sales.
And in February, Peirce blasted the SEC’s choice to power the cryptocurrency trade Kraken to eradicate its staking program and pay a $30 million fantastic.
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