SEC Commissioner Hester Peirce Disputes Gary Gensler’s Crypto Policy
She mentioned that the SEC’s redefinement of the word exchange to include the DeFi protocol is limiting the crypto industry and exchanges.
Peirce said the SEC proposal could violate regulations on protection of the crypto industry. Since the blockchain ecosystem is categorized as part of a “group,” their rights to voice may not be clear. She pointed out that the SEC should be open to new opinions and Modify the rules to accommodate technology.
“The SEC should be serious about regulating it and not negatively affecting the market. We should also consider the possibility of developing existing regulations to meet the needs and potential risks to investors and companies on traditional stock exchanges. Rules may need to be adjusted to allow companies to introduce new ways of conducting their finances. using new technology The SEC understands this principle well and creates room for innovation, but on the other hand, introducing regulations like this may limit what unregulated business models may not be able to do business. can”
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