SEC in ‘Enforcement-Only Mode’ for Crypto, Commissioner Peirce Says at ETHDenver
Summary
SEC Commissioner Hester Peirce spoke at ETHDenver, expressing frustration with the SEC's enforcement-focused stance on crypto. She emphasized the need for clearer rules to enable industry focus on development. Peirce, known for her pro-crypto stance, criticized the SEC's approach and its legal actions against companies like Coinbase and Ripple. She highlighted the necessity for regulatory frameworks and proposed a token safe harbor act. Despite the current challenges, she urged readiness for potential shifts in the SEC's approach to the industry.
