SEC Commissioner Hester Peirce Discusses New Crypto Task Force Initiatives
SEC Commissioner Hester Peirce, head of the regulator's crypto task force, aims to reform the SEC's approach to the cryptocurrency sector. She highlighted several key points in an interview with CoinDesk:
- Peirce is focusing on providing clarity and delineating areas outside the SEC's jurisdiction.
- The SEC will host a crypto policy event on March 21.
- She emphasized the need for public engagement and input on regulatory matters.
- Stablecoin legislation is seen as a priority where Congress should play a role.
- Decentralization risks associated with centralized entities are acknowledged, necessitating a regulatory framework.
- Enforcement actions will not dictate regulatory policy moving forward.
- Peirce supports a safe harbor regime to encourage disclosures and reduce enforcement fears.
- Future guidance from the SEC will be issued as it becomes ready, while maintaining thoroughness.
Peirce anticipates increased congressional activity on market structure bills affecting the crypto industry this year.