SEC Commissioner Hester Peirce Discusses the Newly Formed Crypto Task Force
SEC Commissioner Hester Peirce, the newly appointed head of the regulator’s crypto task force, has been a strong supporter of the crypto industry as a Republican overseeing the federal securities regulator. She shared insights with CoinDesk in late February.
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The narrative
SEC Commissioner Hester Peirce spoke with CoinDesk on Feb. 28, 2025, just hours before U.S. President Donald Trump announced his White House crypto summit.
Why it matters
The U.S. Securities and Exchange Commission plays a crucial role in regulating the crypto sector in the country and has been a subject of criticism. Peirce, a commissioner since 2018, is now aiming to change the regulator’s approach to the entire industry. As part of this effort, the SEC is hosting an event on crypto policy on March 21. Read more here.
Breaking it down
SEC Commissioner Hester Peirce is leading the newly established crypto task force that aims to address various issues in the crypto industry. She highlighted the progress made within the team and the goal of providing clarity and guidance for industry participants. The task force is also seeking input from the public to ensure a collaborative approach. Learn more here.
Peirce emphasized the importance of engaging with industry stakeholders and seeking their feedback to shape regulatory policies effectively. She discussed the need for temporary solutions to bridge gaps until formal legislation or regulations are in place. Additionally, she highlighted the challenges around tokenization of securities and the integration of securities and non-securities on trading platforms.
Regarding feedback received, Peirce mentioned that initial responses have been thoughtful and targeted. Some industry participants have already shared comprehensive strategies for moving forward, which the task force is considering for further action.
When discussing areas that must be addressed by Congress, stablecoin legislation emerged as a key focus. Peirce emphasized the role of Congress in providing clarity around jurisdictional issues and highlighted the importance of decentralization in the industry.
On the topic of enforcement, Peirce stressed the need to clarify policy before resorting to enforcement actions. She discussed the importance of making regulatory decisions based on clear policies to protect industry participants and promote compliance.
The discussion also touched upon potential collaboration between the SEC and other agencies, such as the CFTC, to address market structure issues and ensure effective regulatory oversight.
Looking ahead, discussions related to potential safe harbor frameworks, regulatory clarity, and due process highlighted the task force’s commitment to engaging with industry stakeholders and shaping policies that benefit all participants.
If you have any thoughts on the topics discussed or suggestions for future discussions, feel free to reach out to Commissioner Peirce or participate in the ongoing dialogue around crypto regulation.
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