Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner.
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Maybe now we can get more clarity from SEC on crypto regulations. This could provide a nice boost to the US economy.
Peirce earned the nickname ‘Crypto Mom’ when she spoke out and highlighted parameters that were set and heavily scrutinized in the SEC’s processing and ultimate rejection of Bitwise’s Bitcoin ETF application. Peirce argued that the standards that Bitcoin ETF’s are subjected to have never been applied to traditional markets offering. She also called for a safe harbour period of three years for digital asset and crypto projects as the regulation was not clear.
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What are your thoughts?
Hester Peirce sworn in as US SEC will somehow help cryptocurrency but the US government have their own regulations and she will at least open their eyes to some certain area though. However, I once read an article that stated the SEC was abusing power and there's a possible chance for them to be restricted in some judgment making.
Meanwhile, Hester was already US SEC commissioner long ago before the public/official sworn in.