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

Episode • Jun 16, 2023 • 43m

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.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

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

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