Mark Mason
Well-known member
SEC Commissioner Argues for Relaxed Cryptocurrency Regulations
SEC Commissioner Hester M. Peirce recently gave a speech at the Cato Institute’s FinTech Unbound Conference where she discussed the importance of allowing cryptocurrencies to thrive without heavy SEC interference to foster innovation to benefit investors and consumers.
Ms. Peirce is known for being on the dissenting side of the SEC ruling to not allow Bitcoin ETFs to be traded and for doing so, she joked that she earned the nickname ‘CryptoMom’. She elaborated by making an analogy of her cryptocurrency regulatory views to being a “free-range mother” vs. being a “helicopter mom” since “certain achievements are possible only if we take risks”. She went on to highlight how there is often an urge by regulators to over-implement regulations to not only to protect these investors and consumers, but also protect themselves since it is often regulators that get blamed when things go wrong and individuals lose money.
Read more - https://www.dashforcenews.com/sec-commissioner-argues-for-relaxed-cryptocurrency-regulations/
SEC Commissioner Hester M. Peirce recently gave a speech at the Cato Institute’s FinTech Unbound Conference where she discussed the importance of allowing cryptocurrencies to thrive without heavy SEC interference to foster innovation to benefit investors and consumers.
Ms. Peirce is known for being on the dissenting side of the SEC ruling to not allow Bitcoin ETFs to be traded and for doing so, she joked that she earned the nickname ‘CryptoMom’. She elaborated by making an analogy of her cryptocurrency regulatory views to being a “free-range mother” vs. being a “helicopter mom” since “certain achievements are possible only if we take risks”. She went on to highlight how there is often an urge by regulators to over-implement regulations to not only to protect these investors and consumers, but also protect themselves since it is often regulators that get blamed when things go wrong and individuals lose money.
Read more - https://www.dashforcenews.com/sec-commissioner-argues-for-relaxed-cryptocurrency-regulations/