Peirce signals SEC ‘reorientation’ under new chair Paul Atkins
Hester Peirce, a member of the US Securities and Exchange Commission (SEC) and head of its crypto task force, anticipates positive changes under new SEC Chairman Paul Atkins. Peirce, who previously worked with Atkins, emphasizes his commitment to economic growth and a balanced regulatory approach. Atkins was appointed by President Trump and confirmed on April 21, succeeding Gary Gensler amid scrutiny over potential conflicts of interest related to his ties to the crypto industry. The SEC currently has three Republican commissioners following recent departures. Peirce notes the need for regulatory clarity in the crypto sector, contrasting with Gensler's "regulation by enforcement" approach, which led to numerous lawsuits against major firms. The SEC has since dropped many cases, indicating a shift towards clearer regulations.
