
US Crypto Regulation Leaves Lot to Be Desired, According to SEC Commissioner
Hester Peirce recently tackled the US and its lax efforts at crypto regulation and has asked the Congress to properly define the SEC’s role.
Hester Maria Peirce is an American lawyer specializing in financial market regulation. Peirce currently serves as a Commissioner on the Securities and Exchange Commission (SEC).
Hester Maria Peirce is an American lawyer specializing in financial market regulation. Peirce currently serves as a Commissioner on the Securities and Exchange Commission (SEC). She previously served as the director of the Financial Markets Working Group at George Mason University’s Mercatus Center. Peirce was confirmed by the United States Senate in December 2017 to fill a Republican vacancy on the SEC. She was sworn in on January 11, 2018, and her term expires in 2020. Peirce is a former staff member of the United States Senate Committee on Banking, Housing, and Urban Affairs and of the SEC. In 2016, she was nominated by President Barack Obama for Commissioner on the SEC, but the United States Senate did not act on her nomination.
U.S. Securities and Exchange Commission
American
Washington, D.C., United States
Yale Law School, J.D. - 1997
Case Western Reserve University, B.A. - 1993
U.S. SEC - Commissioner
George Mason University, Mercatus Center, Financial Markets Working Group - Senior research fellow, Director - 2012-2017
Senate Committee on Banking, Housing, and Urban Affairs - Part of Senator Richard Shelby's staff - 2008-2012
Division of Investment Management - Staff attorney - 2000-2004
Hester Peirce recently tackled the US and its lax efforts at crypto regulation and has asked the Congress to properly define the SEC’s role.
Coinspeaker is highlighting a distinguished group of women who have and continue to play key roles in the male-dominated crypto sector.
The SEC claimed that owing to the centralized nature of XRP, it automatically becomes a security thus, it is under its scope.
Per the new version of the Safe Harbor proposal, if a project meets neither of the specified requirements, it will have a few months to register with the SEC as a securities issuer.
Hester Peirce said that the SEC has a special interest in anything that could become security.