SEC ‘Crypto Mom’: Delay in Crypto Regulation May Allow More Freedom for Technology

Hester Peirce believes the lack of clear crypto regulation allows more freedom for the industry to come into its own.

A commissioner of the United States Securities and Exchange Commission (SEC) said Friday, Feb. 8, that the delay in establishing crypto regulation may allow more freedom for the industry to move on its own.

Heister Peirce, who is widely known as the “Crypto Mom” in the community for her dissent against the SEC’s decision to reject a Bitcoin exchange-traded fund (ETF) proposed by the Winklevoss twins, made the comments in a speech on the issues of state regulation at the University of Missouri School of Law.

Discussing the current delays in delivering a clearer legal framework for crypto, Peirce said that ambiguity is not that bad. She further explained:

“We might be able to draw clearer lines once we see more blockchain projects mature. Delay in drawing clear lines may actually allow…

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2019-02-10 12:13:00

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Written by Cointelegraph

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