Hester Peirce, an American lawyer and director of the U.S. Securities and Exchange Commission (SEC), widely recognized as “Crypto Mom,” recently gave a speech rich in inappropriate token (NFT) metaphors when discussing the handling of agents’ digital assets.
In her speech At the Coin Center event, Peirce revealed rumors that she would be resigning from her position, particularly as her term in the SEC officially ended in June. However, laws allowing SEC members allow commissioners to continue their duties for another 18 months until the US Senate nominates a new person.
Perth’s speech shocks the cryptic ecosystem when individuals respond in mixed reactions
Regarding her speech, Perth said that several individuals had asked her what was next. Based on her argument, she decided to leave the government and completely change her perspective on cryptography, but stated that the path was too common for her.
According to the commissioner, her preferred occupation after resigning from her position was to switch to beekeeping. Her description says that aside the delicious and healthy honey is delicious, the bee sting is less painful than that of her Twitter critics.
After making these remarks, Perth made it clear that this was all a joke when he added: […] My NFT collection has policies in the characters I encounter in the Crypto world, especially at often tricky intersections. ”
Perth is one of four commissioners and three Republicans in charge of the SEC. She has often proposed and supported policies that benefit the crypto and blockchain industry. In support of the claim, the commissioner announced a new task force that will assign the role of establishing a framework for digital assets shortly after former chairman Gary Gensler resigned in January.
Her nickname, “Crypto Mom,” emphasized the playful nature of her remarks. The NFT reference is tied to her reputation in the industry, spanning her relationships with crypto leaders, financial experts, regulators and digital asset influencers. After a light joke, Perth shifted his focus to more serious issues and addressed the future direction of the SEC.
In a statement, she said she regretted not persuading her government colleagues to give the agency a significant opportunity during her most of her time with the SEC. She further stated that she hoped that they would exploit the institutions they inspired and the great opportunities of this era. There, clear rules are confusing as the government’s purpose to establish favorable outcomes that will enhance your family, friends, neighbors, and country’s happiness, security, security and prosperity.
Analysts predict clear cryptographic regulations within the current direction of the SEC
Sources familiar with the situation have made it clear that Perth’s statements are not new. Sources say that since Gensler resigned, several individuals in the crypto industry have criticised his actions to push a “regulated by enforcement” approach.
Sources also highlighted that the SEC has recently made significant changes to digital asset management. Their analysis shows that it started with the agency taking some lengthy legal action against crypto companies.
Additionally, they are working on policies that crypto experts believe will pave the way for approval of some exchange sales funds. This led several analysts to conclude that the SEC’s current direction is to support the industry by loosening regulatory rules.
Furthermore, the Market Structure Bill is currently under discussion in the US Senate. The bill is expected to develop clearer guidelines for agents on digital assets, particularly by stating the specific role of financial regulators.
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