The Commissioner for VC Hester Peirce told Yahoo Finance on Friday to now hope to provide “greater clarity” for the crypt’s industry claimed by Washington, DC, treated unfairly and inconsistently.
“I hope we can reach the place,” Peirce told the interview “, where we have a greater clarity of the” legal framework “, which also allows people to understand what something is categorized … without hiring full lawyers And fear of the litigation above them. “
Peirce now has a chance to greatly affect the policy of politics that goes forward to the Securities and Currency Commission (SEC), where the new chief of the crypt’s working group was formed after the new Trump administration took office. Her appointment for the head of that working group cheered them in the crypt’s world, some of which refer to Peirce as “Cripto Mom”.
Peirce issued a statement called on FridayThere must be some way out of here“This questioned the public for entry how to approach the industry that goes forward, posing a series of questions that were designed to increase the greater bureau of regulatory regulation.
Hester M. Peirce, other on the right, testified in 2019, with other entrusters. (Photo by Tom William / CK-Roll Call, Inc via Getty Images) ·Tom Williams via Getty Images
The arrival of the new administration was attended at this time a lot of new optimism in the crypt world about the new tone.
During the bilen administration, the Garse Gensler Gensler regulator clashes with many top companies industry and data through shares and executive activities, they often claim that the laws on securities are violated.
Maybe his most prominent lawsuit was against the horseman (Coin) The largest US exchange of cryptocurnancy. Sex claimed that many digital property traded on their platform were in fact securities and that coins did not register properly as an exchange of securities.
The coin said Friday to expect a new Sec to fall this case and that the brush expects voting among its commissioners to expect next Thursday.
“It’s a new day for Crypto in the United States and it couldn’t get fast enough,” Paul Graval said, Chief Legal Officer Coinbase.
Graval said Peirce and acting SEC chair Mark Uyeda deserves a lot of credit. Trump’s choice presiding in sec, Paul Atkins, has not yet confirmed the Senate.
“They did not lose time in converting the page from the wrong Gerry Gensler regulation campaign and moving quickly to start the dialogue, and to reset the industry dialogue and focus on the future,” he said.
Paul Graval, Chief Legal Officer in Coins. (Anna Rose Laiden / Getty Images) ·Anna Rose Laiden via Getty Images
Peitra refused to talk about the case or so she could vote, say, “I can’t talk about ongoing cases.”
Graval said that coins had great difficulty trying to talk to SEC during the last administration, but that now the company has a regular dialogue.
“We are in constant contact with Sec and especially his wiper working group,” he said. “Commissioner Peirce made a wonderful job to set a very transparent public process in a movement to collect entries in connection with the collection of good rules.”
Peirce said Friday to hope that SEC will be able to have a practice in which people can talk to the agency, and the SEC can think when registration is necessary or not.
“We have to do more than just tell people that I can enter and register, and then when they come here, close the door that was the kind of past,” Peirce added.
During the last administration, SEC refused to write custom rules to manage the cry and often claimed that many tokens were securities and companies must comply with the rules already on the books. CRIPTO companies are routinely hit in transparent actions when SEC has violated securities laws.
Peirce said it intends to provide a new legal framework that could deal with some of the participants concerned.
One idea in serious consideration would temporarily allow for transmission-bids to be considered that the issuer has provided certain information and agreed not to make charges of fraud and retroactively.
“It could be really positive early, even if it is temporary fixing as Congress works and while working on making rules,” she said.
Peirce also said that it was opened to enable the placing and Zelenkov options for ether (Eth-USD) Means for exchanges (ETFS). The exposition is where you lock digital coins to participate in launching a block chain and maintaining its safety in exchange for the return that offers return.
The last administration approved the place Bitcoin (BTC-USD) and ETFS ETFS as well as the Options for BitCoin ETFS, but did not approve to keep the options on ETF ether.
Peirce also said that the media company President Donald Trump actually submits a request for the initiation of Bitcoin ETF, SEC will re-examine the same way the agency operates with the supervision from the white house.
“I think what we do is look at any incoming application of his facts and circumstances and take into account unique facts and circumstances associated with each”, “we will say.” We will do it in connection with anything. “
When asked if Elon Musk’s Government Efficiency Department (Doge) in seconds, Peirce said it could not confirm. An overview of public records shows that Doge claimed more than $ 206,000 saves SEC subscribing to publications, including politico Pro and Reuters.
Peirce underlined that SEC always look for ways to run more efficiently as it continues to control capital markets.
“It’s something we’re always thinking about,” Peirce said. “We believe we have the right responsibility; we have excellent staff here and we want to make sure they work on the most important projects.”
SEC, she added, did not make a decision whether the rule was returned by Biden administration that would require companies to find out how climate change affects their business. The acting secretary recently ordered sectoral lawyers to dispose of oral arguments over the rule of climate change.
“I was concerned about as properly I make and expressed them pretty loud at the time that we suggested and adopted those changes,” Peirce said. “I’m sure we’ll think about these kinds of things.”
This week, Trump signed a new executive order in which he stated that independent agencies should submit large regulations in the management office and budget (OB) for review. Peirce said OMB can be “really useful” in thinking through economic analysis and choosing the best tools to solve problems.
“They are experts in that,” Peirce said. “I certainly look forward to working with them to help help our economic analysis really serves the greatest potential that can serve.”
