SECs Hester Peirce Tackles Frustrating Crypto Regulation And Why Its So Slow - Ep. 507

Published: June 16, 2023, 11 a.m.

b"SEC Commissioner Hester Peirce has a reputation in the industry for being more supportive of crypto than her peers. After a rough year for the industry, Peirce weighs in on whether the agency was right in recently naming several crypto tokens as securities, the state of the current regulatory framework, and the slow pace of change. \\u201cAll I can say is that I\\u2019ve been at the agency for over five years, and it\\u2019s very frustrating to me that in that time we haven\\u2019t done something more productive,\\u201d Peirce tells Unchained.\\xa0\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhat would Peirce do to regulate crypto if she were chair of the SEC\\n\\nwhether the SEC was right in alleging that SOL, ADA, MATIC, and more are securities\\n\\nwhy Peirce says the SEC\\u2019s current approach will take many years to find a resolution\\n\\nwhether special purpose broker-dealer licenses are a solution\\xa0\\n\\nwhy Peirce believes that the existing regulatory framework is not enough to oversee digital assets\\n\\nher views on the pressing need to find a way to make existing regulations comport with a technology that doesn\\u2019t require intermediaries\\n\\nwhether the fact that many SEC employees worked on the Hinman speech reflects the opinion of the agency as a whole\\n\\nwhy Peirce is \\u201cvery frustrated\\u201d after five years of working at the SEC\\n\\nwhy she\\u2019s been seen as the \\u201cCrypto Mom\\u201d and why she thinks it\\u2019s so important to provide a clear regulatory framework\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nCopilot Money\\n\\nProton\\n\\nGuest\\nHester M. Peirce, SEC Commissioner\\nLinks\\n\\nPrevious coverage of Unchained on the topic:\\n\\nThe Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility\\n\\nThese 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler\\n\\n\\u2018Is ETH a Security?\\u2019 Why Gary Gensler Couldn\\u2019t Give Congress a Straight Answer\\n\\nGary Gensler vs. Crypto: What Will the SEC Attack Next?\\n\\nRep. Emmer on Why He Believes Gary Gensler Is a \\u2018Bad-Faith Regulator\\u2019\\n\\nUnchained:\\n\\nSEC Sues Coinbase for Breaking Securities Laws\\n\\nSEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities\\n\\nSEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit\\n\\nUS House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities\\n\\nCoinbase Seeks to Compel SEC Response to Rulemaking Petition\\n\\nThe Block:\\xa0\\n\\nRipple calls for investigation into former SEC official after document release\\n\\nFormer SEC director Hinman's plan to call Vitalik Buterin revealed in suit\\n\\nSEC comments on Hinman speech released in Ripple Labs filing\\n\\nWSJ: Who Is Brian Armstrong? Coinbase CEO Is Taking On the SEC\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"