SEC Commissioners Clash Over Crypto Regulation Approach
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Gensler harshly criticized crypto in a speech, while Peirce recognized the need for SEC to provide a framework for crypto.
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Peirce showed empathy for entrepreneurs trying to navigate unclear regulations, unlike Gensler who blames industry.
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Gensler recognized the regulatory gap early on but has done nothing since to provide clarity.
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Peirce proposed a token safe harbor and continues to ask for ideas, taking accountability as a regulator.
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Peirce's approach of engaging with industry contrasts with Gensler's intimidation and blame.