SEC Commissioner Peirce wants there to be ‘greater clarity’ on crypto

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SEC Commissioner Peirce wants there to be ‘greater clarity’ on crypto

On Friday, Coinbase Global (COIN) CEO Brian Armstrong announced that the US Securities and Exchange Commission (SEC) intends to drop its lawsuit against the cryptocurrency exchange. Under the second Trump administration, the government agency is likely to construct more crypto-friendly regulatory frameworks.

SEC Commissioner Hester Peirce sits down with Yahoo Finance senior reporter Jennifer Schonberger for an extensive conversation about her agency’s stance on regulating digital assets like bitcoin (BTC-USD).

“What I’m hoping that we can get to is a place where we have greater clarity around how we’re thinking about things… in a legal framework that is workable, that is consistent with the statute, but also enables people to figure out what… something is categorized as without hiring lots of lawyers and… having the fear of litigation hanging over them.”

Commissioner Peirce weighs in on the necessary registration for launching crypto products and shifts from the Biden administration’s policies.

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This post was written by Luke Carberry Mogan.

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