SEC Commissioner Advocates for More Room for Crypto Innovation, Less Restrictive Regulation

SEC Commissioner Hester Peirce thinks crypto regulation has been too restrictive and the SEC should allow more room for innovation.

She believes people should be free to make their own choices and the government shouldn't overregulate. This colors her crypto-friendly stances.

Peirce sees decentralized aspects of crypto as potentially beneficial for financial system resilience, though predicts most people will still use centralized intermediaries.

She can't own crypto due to her job, but thinks the SEC should provide more clarity on what counts as a security to allow crypto to develop.

Peirce believes the SEC's 2017 DAO Report sent crypto regulation off on the wrong foot and set too strict of a precedent. She wishes the SEC took a different approach.