Summary
- Hester Peirce, a U.S. SEC commissioner, said that "swift progress" is needed for industry growth along with easing virtual asset regulations.
- The SEC recently adopted crypto-friendly policies, taking actions such as establishing a Crypto Task Force and dropping lawsuits against major virtual asset firms.
- Peirce said, "A new chapter of regulation is now opening," and emphasized that regulatory clarity and the industry's rapid progress will determine the future.
On the 26th (local time), according to crypto-specialized U.S. media The Block, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), said that "swift progress" is necessary for the growth of the virtual asset (cryptocurrency) industry.
Commissioner Peirce said in a dinner speech at Coin Center, "I apologize for not giving you opportunities because I failed to persuade colleagues within the government during my tenure at the SEC," and emphasized, "Now that regulatory clarity has replaced uncertainty, the industry should use this time to produce good outcomes that enhance safety and prosperity."
The SEC has shifted to crypto-friendly policies over the past year.
Commissioner Peirce has actively worked to ease virtual asset regulations, including establishing the 'Crypto Task Force', dropping lawsuits against major virtual asset firms, and promoting 'Project Crypto.'
This contrasts with the enforcement-focused policy during the tenure of former chairman Gary Gensler. At that time, the SEC classified many virtual assets as securities and filed lawsuits against related companies.
Peirce added, "A new chapter of regulation is now opening," and "rapid advancement will determine the industry's future."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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