- Commissioner Peirce wants a government that serves the American people and doesn’t stop others from trying new things
- Often referred to as “Crypto Mom,” Peirce sees herself more as a “freedom maximalist”
- Commissioner Peirce is head of the SEC’s new crypto task force
SEC Commissioner Hester Peirce has said that it’s been “extremely frustrating” watching what’s been happening within crypto when people want to try new things.
Speaking in an interview on Bloomberg, the newly appointed head of the Securities and Exchange Commission’s (SEC) new crypto task force said:
“Watching what’s happened to crypto for the past several years has just been extremely frustrating for someone who believes that government is there to serve the American people, not to stymie them when they’re trying new things.”
The crypto task force aims to provide regulatory clarity for the crypto industry. To achieve this goal, the agency plans to work with other agencies, including the Commodity Futures Trading Commission (CFTC).
Not a free-for-all
Commissioner Peirce, who’s often described as “Crypto Mom,” said she referred to herself more as a “freedom maximalist” rather than someone who’s an advocate for the industry.
When asked as a freedom maximalist if she believes the crypto industry should be regulated, Peirce said she was committed to using the existing statutory framework, adding that “it doesn’t mean a free-for-all all. It doesn’t mean you get to do whatever you want. We have rules in place and those rules will be enforced.”
At the same time, Peirce adds that US regulation is designed to have basic parameters while allowing people to have “maximum freedom to innovate and try new things…with the understanding that with that comes responsibility and that if something goes wrong, you don’t necessarily have someone to run to.”