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Recent leadership changes, including Acting Chair Mark Uyeda, suggest the agency is ready to revisit outdated policies.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.
Digital banking platform SoFi Technologies is making a strong return to the cryptocurrency space, relaunching its crypto trading and blockchain services after stepping away from the sector in late 2023.
Digital assets are gaining ground in corporate finance strategies, as more publicly traded companies embrace cryptocurrencies for treasury diversification.
Ripple has been dealt another legal blow after a federal judge rejected its attempt to ease court-imposed restrictions and penalties stemming from its long-standing battle with the U.S. Securities and Exchange Commission (SEC).
Stablecoins are failing where it matters most, says the Bank for International Settlements (BIS), which sharply criticized the asset class in its latest annual report.