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Unchained

SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 16 June 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

SEC Commissioner Hester Peirce has a reputation in the industry for being more supportive of crypto than her peers. After a rough year for the industry, Peirce weighs in on whether the agency was right in recently naming several crypto tokens as securities, the state of the current regulatory framework, and the slow pace of change. “All I can say is that I’ve been at the agency for over five years, and it’s very frustrating to me that in that time we haven’t done something more productive,” Peirce tells Unchained.  Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: what would Peirce do to regulate crypto if she were chair of the SEC whether the SEC was right in alleging that SOL, ADA, MATIC, and more are securities why Peirce says the SEC’s current approach will take many years to find a resolution whether special purpose broker-dealer licenses are a solution  why Peirce believes that the existing regulatory framework is not enough to oversee digital assets her views on the pressing need to find a way to make existing regulations comport with a technology that doesn’t require intermediaries whether the fact that many SEC employees worked on the Hinman speech reflects the opinion of the agency as a whole why Peirce is “very frustrated” after five years of working at the SEC why she’s been seen as the “Crypto Mom” and why she thinks it’s so important to provide a clear regulatory framework Thank you to our sponsors! Crypto.com Copilot Money Proton Guest Hester M. Peirce, SEC Commissioner Links Previous coverage of Unchained on the topic: The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler ‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer Gary Gensler vs. Crypto: What Will the SEC Attack Next? Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’ Unchained: SEC Sues Coinbase for Breaking Securities Laws SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities SEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit US House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities Coinbase Seeks to Compel SEC Response to Rulemaking Petition The Block:  Ripple calls for investigation into former SEC official after document release Former SEC director Hinman's plan to call Vitalik Buterin revealed in suit SEC comments on Hinman speech released in Ripple Labs filing WSJ: Who Is Brian Armstrong? Coinbase CEO Is Taking On the SEC Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,

0:08.4

Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a

0:13.1

senior editor at Forbes, was the first need-free meter porter to cover cryptocurrency full-time.

0:17.8

This is the June 16th, 2023 episode of Unchained.

0:22.3

Copilot is a best-in-class personal finance app for Mac and iOS, designed to give you a complete

0:28.4

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off for five years if payments maintained, application financial circumstances, borrowing

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service. Proton mail is end-to-end encrypted, meaning that no one, not even proton, can access

1:15.5

your emails. Go to proton.me slash Laura. With the crypto.com app, you can buy, trade, and spend

1:22.3

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1:29.1

Today's guest is SEC Commissioner Hester purse. Welcome Commissioner purse.

1:33.7

Hi Laura, it's great to be back. The SEC has taken a particular approach to regulating crypto

1:39.5

in the US, and in the last few months especially, it's becoming more clear that it's regulation

1:44.6

by enforcement. If you became the chair of the SEC today, what would you do in the first six months

1:51.7

to regulate crypto in the US? Well, thanks Laura, and I do want to start with my standard

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