The SEC, long viewed as an obstacle to crypto innovation, is shifting its stance under the leadership of Hester Peirce, now heading the newly formed Crypto Task Force.
Known as “Crypto Mom,” Peirce is championing clear, innovation-friendly regulations to replace the enforcement-heavy tactics of the past, which created uncertainty and stifled progress.
This transformation aligns with Peirce’s long-held vision of fostering experimentation in blockchain and digital assets. By focusing on transparency and practicality, the SEC aims to support responsible innovation.
Recent leadership changes, including Acting Chair Mark Uyeda, suggest the agency is ready to revisit outdated policies.
Among these are potential moves to allow Ethereum ETFs to stake assets and permit in-kind redemptions, aligning U.S. rules with more flexible global standards.
Peirce’s leadership represents a pivotal moment for crypto in the U.S., creating optimism in an industry eager for regulatory clarity. Her efforts signal a future where innovation is encouraged, ensuring the U.S. can compete as a leader in blockchain technology and digital asset adoption.
Bank of America is considering stepping into the stablecoin market with its own USD-backed digital asset, according to CEO Brian Moynihan.
Block Inc., the payments company led by Jack Dorsey, is working to resolve regulatory issues with New York authorities concerning its Anti-Money Laundering (AML) efforts and Bitcoin-related programs.
Peter Schiff, a prominent critic of Bitcoin, has identified large-scale withdrawals from Bitcoin exchange-traded funds (ETFs) as the biggest threat to Michael Saylor’s strategy.
Tether CEO Paolo Ardoino argues that USDT is a key force in maintaining the US dollar’s global dominance.