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Will a New Chair Listen?: Peirce Urges SEC to Embrace Crypto

Author: Content Editor
SEC Commissioner Hester Pierce delivered a speech criticizing the agency's treatment of digital assets and other financial technologies. She warned that a regulatory environment characterized by instability and fear hinders innovation and results in financial fallouts. Pierce called for a clear and consistent regulatory framework that welcomes new ideas. She also criticized the SEC's inconsistent approach to regulating crypto-based exchange-traded products and its failure to provide clear guidance. Pierce emphasized the need for a fair and predictable regulatory environment that supports innovation while maintaining investor protection. She proposed the creation of a micro-innovation sandbox for digital asset companies to run pilot projects without fear of enforcement actions. The article concludes by expressing hope that the future SEC Chair will share Pierce's vision of a balanced regulatory environment that promotes both the rule of law and innovation.

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