‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce

[Cordillerabit]

Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname “Crypto Mom,” says the regulator may not be able to get by if it simply incorporatesng digital assets into its existing regulatory framework.

In an interview with Santander Bank Managing Director John Whelan for the 'Ethereum in the Enterprise - Asia Pacific' online conference today, Peirce said the SEC could learn from other approaches on regulating crypto, specifically citing Wyoming as an “extremely progressive” regulator. The state’s banking board approved charters for crypto firms like Avanti and Kraken in October.

By contrast, at the federal level, Peirce said cryptocurrency and blockchain firms could “spend a lot of money and a lot of time and a lot of grief” waiting for a regulatory decision from the SEC without getting the results they want. Peirce said the commission’s existing regulatory framework may not be able to accommodate such an innovative space.

Source: https://cointelegraph.com/news/new-rules-for-sec-could-follow-example-set-by-wyoming-says-hester-peirce