COIN - 'Crypto Mom' Hester Peirce: Regulation Should Take 'A Productive Path' | Benzinga
Hester Peirce, a Commissioner at the Securities and Exchange Commission (SEC) often referred to as "Crypto Mom," in an interview criticized the agency’s cautious approach to cryptocurrency regulation.
What Happened: Peirce on Wednesday highlighted a fundamental philosophical difference between her and SEC Chair Gary Gensler.
“It’s a fundamental American principle that people are free to make choices,” Peirce told CoinDesk.
“The government is not there to protect people from their own choices. It’s there to protect people if someone else harms them, but not to make their life decisions for them.”
Peirce has consistently supported economic innovation and opposes the SEC’s efforts to block spot Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs), target U.S.-based exchanges like Coinbase (NASDAQ:COIN) and Kraken and heavily oversee crypto markets.
Also Read: Bitcoin ETF Outflows Slow To $19.5M, Hong Kong Targeting April For Bitcoin ETF Launch
The DAO Report: A Missed Opportunity
Peirce criticized past decisions by the SEC, particularly the 2017 DAO ...