SEC Commissioner Peirce Asks ‘Who Did We Protect?’ in Telegram Shutdown

[Goodcat49]

Commissioner Hester Peirce clearly doesn’t see the SEC’s courtroom win against Telegram as a victory for the regulator or innovation in the U.S.

In her July 21 speech for Blockchain Week Singapore, Securities and Exchange Commissioner Hester Peirce, known among the industry as ‘CryptoMom,’ spoke out on her opposition to the SEC’s recently concluded suit against Telegram.

SEC action against Telegram served neither investors nor mission
Peirce’s speech, entitled “Not Braking and Breaking,” emphasized the roles and responsibilities of regulators regarding innovation, particularly in the light of the case against Telegram that came to an end in June.

Telegram had sold $1.7 billion in contracts for GRAM tokens, which would be the native token of the Telegram Open Network.

https://cointelegraph.com/news/sec-commissioner-peirce-asks-who-did-we-protect-in-telegram-shutdown