- The Securities and Exchange Commission is proposing new rules under federal securities laws.
- Experts, including Hester Peirce and Paul S. Atkins, weighed in on the SEC's rule-making process, supporting rule elimination and criticizing regulatory overreach.
SEC Commissioner Hester Peirce Resigns, Ending Crypto Advocacy Era
What happened
U.S. SEC Commissioner Hester Peirce announced her resignation, effective October 2. Peirce, a longtime ally of the crypto industry, pushed for clear regulations for the sector during the tenures of Gary Gensler and Donald Trump. Even as she departs, the Securities and Exchange Commission continues to issue crypto policy guidance.
From coindesk.com
Why it matters
Peirce was a key advocate for the crypto industry, seeking clear rules for the sector. Her departure signals a change in the SEC's composition and policy advocacy, which could shift the regulatory risk profile for digital asset companies.
Experts, including Hester Peirce and Paul Atkins, have weighed in on the SEC's rule-making process, supporting rule elimination and criticizing regulatory overreach.
From coindesk.com
Who's involved
- Hester PeirceU.S. SEC Commissioner and longtime advocate for the crypto industry.
- SECGovernment agency responsible for issuing crypto policy guidance.
- Gary GenslerFormer official whose regulatory environment influenced Peirce's professional activities.
- Donald TrumpPolitician whose administration provided context for Peirce's professional opportunities.
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The entities involved
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Hester Peirce
American lawyer, current Commissioner of the United States Securities and Exchange Commission
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Gary Gensler
American former government official
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