SEC Commissioner Demands Clear Cryptocurrency Regulations
- Hester Peirce praised the participation of new investors in financial markets.
Hester Peirce, a Commissioner at the US Securities and Exchange Commission, mentioned the urgent need for clear cryptocurrency regulations amid the adoption of digital assets by leading companies like Tesla and Mastercard.
During an interview with Reuters, Peirce praised the involvement of a new generation of investors in financial markets. The SEC official mentioned that it was too early to draw policy conclusions from the recent Reddit frenzy in stocks and other cryptocurrency assets.
Peirce is known for her crypto-friendly stance and the community also nicknamed her as 'Crypto Mom'. She asked for clear cryptocurrency regulations to remove the uncertainty regarding the status of digital assets in the US.
“It’s not only that there have been calls for clarity for some time, and that a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look. That adds to the urgency of us taking some sort of action in this area to provide more clarity,” Peirce said.
The SEC is an important authority for the cryptocurrency market. Finance Magnates reported about a $50 billion crash in crypto assets after the SEC filed a lawsuit against Ripple Labs for selling unlicensed securities in the form of XRP.
Cryptocurrency Regulations
Regulatory authorities around the world are planning to regulate cryptocurrency assets amid growing demand from retail traders and the involvement of institutional investors. Tesla, the world’s largest electric-car maker revealed in its latest filing that the company invested $1.5 billion in the world’s largest cryptocurrency Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. Mastercard, one of the leading global financial firms, announced in the previous week that the firm is planning to accept Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term this year. The SEC Commissioner said that there is an urgent need for a clear crypto regulatory framework after the involvement of major companies. Bitcoin touched an all-time high of $49,500 yesterday after growing demand from institutional investors. The total market cap of BTC currently stands at around $870 billion.
Hester Peirce, a Commissioner at the US Securities and Exchange Commission, mentioned the urgent need for clear cryptocurrency regulations amid the adoption of digital assets by leading companies like Tesla and Mastercard.
During an interview with Reuters, Peirce praised the involvement of a new generation of investors in financial markets. The SEC official mentioned that it was too early to draw policy conclusions from the recent Reddit frenzy in stocks and other cryptocurrency assets.
Peirce is known for her crypto-friendly stance and the community also nicknamed her as 'Crypto Mom'. She asked for clear cryptocurrency regulations to remove the uncertainty regarding the status of digital assets in the US.
“It’s not only that there have been calls for clarity for some time, and that a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look. That adds to the urgency of us taking some sort of action in this area to provide more clarity,” Peirce said.
The SEC is an important authority for the cryptocurrency market. Finance Magnates reported about a $50 billion crash in crypto assets after the SEC filed a lawsuit against Ripple Labs for selling unlicensed securities in the form of XRP.
Cryptocurrency Regulations
Regulatory authorities around the world are planning to regulate cryptocurrency assets amid growing demand from retail traders and the involvement of institutional investors. Tesla, the world’s largest electric-car maker revealed in its latest filing that the company invested $1.5 billion in the world’s largest cryptocurrency Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. Mastercard, one of the leading global financial firms, announced in the previous week that the firm is planning to accept Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term this year. The SEC Commissioner said that there is an urgent need for a clear crypto regulatory framework after the involvement of major companies. Bitcoin touched an all-time high of $49,500 yesterday after growing demand from institutional investors. The total market cap of BTC currently stands at around $870 billion.