Law & Policy

Last month, the SEC formed a crypto taskforce. SEC Commissioner Hester Peirce has been chosen to lead this group, let’s take a dive into what she wants for crypto in the US and her political background… 🧵

Regulation and policy. Have a background in politics and competition economics. Decentralise, redistribute, rebel

https://paragraph.xyz/@technocrap

Prior to her appointment as an SEC Commissioner Peirce was highly critical of binding SEC regulations such as CEO pay ratio and environmental disclosures, calling them “pointless” – Peirce has always argued for a much looser approach to regulating big business

However, Peirce is a conservative first and foremost. I hesitate to use the blanket term of “Republican” because while she is, her brand of conservatism fits in more with the billionaire ultra-free market class than it does the anti-immigration populists

Peirce has been a commissioner since the last Trump administration and has consistently been an advocate for crypto, especially for crypto-specific regulation and legislation which most with a vested interest would agree is a better option than crypto being regulated along the guidelines of non-digital assets etc.