SEC Commissioner Hester Peirce, affectionately known as “Crypto Mom,” has openly criticized the Securities and Exchange Commission’s current approach to cryptocurrency regulation. Speaking at ETHDenver, Peirce highlighted the need for clear rules in the evolving sector. She pointed out the futility of pursuing registration violations when no harm has occurred, urging a more constructive path forward.
Safe Harbor and Future Prospects
Peirce reiterated her support for a “safe harbor” proposal, offering a grace period for network developers to work within a regulatory framework. This approach aims at fostering innovation while ensuring compliance. With an eye on future leadership changes, Peirce encourages the industry to prepare for potential shifts in regulatory attitudes.
The question of a spot Ethereum ETF remains open, with Peirce offering no definitive timeline. Despite the anticipation following the approval of spot Bitcoin ETFs, the SEC’s stance on Ethereum products remains under wraps.
The industry watches closely, hoping for a positive turn in the coming months. Peirce’s remarks underscore a critical juncture for cryptocurrency regulation. The regulators are in a crucial dialogue, seeking a balanced and clear path forward in the evolving landscape of cryptocurrency regulation.
Also Read: Hester Peirce Hints at Easier Path for Ether ETF Approvals
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