by aria-ratings.com
June 6, 2025 at 02:41
SEC Commissioner Advocates for Progressive Crypto Regulations to Foster Innovation
In a significant statement, SEC Commissioner Hester Peirce called for a streamlined regulatory framework for cryptocurrencies.
Speaking at a conference in Washington, D.C., she highlighted inefficiencies in the SEC’s current handling of crypto products.
Peirce pointed out that the slow approval process for spot bitcoin and ether exchange-traded products (ETPs) has hindered industry innovation.
She emphasized the need for procedural consistency to reduce burdens on both the industry and SEC staff.
To enhance investor access to crypto assets, Peirce urged for clearer regulatory guidance.
She also identified custody issues as a pressing concern, particularly regarding the status of state-chartered limited purpose trusts.
Peirce expressed optimism about recent developments that could expand crypto asset custody options.
By improving regulatory transparency, she believes innovation can flourish while simultaneously protecting investors.
The Commissioner encouraged an open dialogue regarding the evolution of custody requirements in relation to digital assets.
Peirce concluded that a proactive regulatory stance is key to bridging traditional finance with the blockchain ecosystem.
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