SEC commissioner Hester Peirce promises 'more clarity' for crypto industry

Published On Feb 21, 2025, 6:41 PM

SEC Commissioner Hester Peirce has pledged to provide greater clarity and a workable legal framework for the cryptocurrency industry. This initiative aims to reduce the legal uncertainties that crypto businesses face, which have historically been treated inconsistently under Washington's regulations. Peirce, who has been referred to as 'crypto mom' by industry supporters, leads a new crypto task force at the SEC. She is looking for public input on regulatory approaches, suggesting that current measures often require companies to hire lawyers without clear guidance. Her proposals include considering temporary measures to allow digital assets to be classified as non-securities, which could alleviate some immediate regulatory pressures. Coinbase's legal team expressed optimism that previous SEC enforcement actions would be reevaluated under this new framework.