The U.S. Securities and Exchange Commission is launching a crypto task force to clarify the rules of the road for digital assets. In a press release, the agency says pro-crypto Commissioner Hester Peirce will lead the agency-wide effort. The move is a clear contrast to the SEC’s stance under the Biden administration, which maintained that […]
The post SEC Launches Crypto Task Force To Create Clear Regulatory Framework for Digital Assets appeared first on The Daily Hodl.
Hester Peirce, the crypto-friendly commissioner at the Securities and Exchange Commission (SEC), says US regulators can do three things to help the digital asset industry. In a new interview on Fox Business, Peirce argues that the first step is to stop trying to prevent crypto from accessing the services it needs to move forward, like […]
The post SEC Commissioner Hester Peirce Says Trump Adminstration Should Do Three Things To Boost Crypto Industry appeared first on The Daily Hodl.
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
As Donald Trump prepares to take office as president of the United States in January 2025, the cryptocurrency community is speculating on the most likely candidates to lead the US Securities and Exchange Commission.
Mark Uyeda, an SEC commissioner, is seen as a strong candidate for the role, according to crypto attorney Jake Chervinsky in an X post on Nov. 6.
Commissioner Uyeda is known for criticizing the crypto regulatory approach by current SEC Chair Gary Gensler, having in October called his policies a “disaster for the whole industry.”
SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.
United States Congressman Tom Emmer slammed SEC Chair Gary Gensler during a congressional hearing, calling him the most “destructive” and “lawless” Chair in the regulator’s 90-year history.
“You’ve made up the term crypto asset security. This term is nowhere to be found in statute, you made it up [and] you never provided any interpretive guidance on how crypto asset security might be defined within the walls of your SEC,” Emmer told Gensler before a House Financial Services Committee hearing on Sept. 24.
Emmer said the term had served as the entire basis for Gensler’s “enforcement crusade” against the crypto industry for the last three years. This was up until last week when SEC lawyers retracted the term in a court footnote.
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF.
A spot Solana (SOL) exchange-traded fund in the United States may only be possible with a change in the administration and the head of its securities regulator, according to Bloomberg ETF analyst Eric Balchunas.
On June 27, ETF issuer VanEck made a surprise move to file for a spot Solana ETF with the United States Securities and Exchange Commission.
Matthew Sigel, head of digital assets research at VanEck, said the new fund, called the VanEck Solana Trust, aims to capitalize on Solana’s decentralized nature, high utility and economic feasibility.
It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week.
The fate of spot Ether (ETH) exchange-traded funds could be decided this week by a single vote from Gary Gensler, the chair of the United States Securities and Exchange Commission — if history is any indication.
In January, the approval of spot Bitcoin ETFs came down to a five-commissioner panel. Two crypto-friendly commissioners, Hester Pierce and Mark Uyeda, voted to approve ETFs, while Commissioners Caroline Crenshaw and Jaime Lizárraga voted against them.
Gensler also voted to approve it, leading many to believe his vote ultimately secured approval of spot Bitcoin ETFs, which were approved with a 3-2 vote on Jan. 10, 2024.
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is voicing her disappointment with what she says is the agency’s lack of predictability. In a speech, Peirce says the enforcement actions brought by the SEC against blockchain-based file-sharing payment network Library (LBRY) and crypto asset trading platform ShapeShift arose because of regulatory ambiguity. “Some of […]
The post Hester Peirce Calls Two of SEC’s Enforcement Actions ‘Arbitrary,’ Says Agency’s Ambiguity May Be Deliberate appeared first on The Daily Hodl.
U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce criticizes the agency for making little public engagement. During a speech, Peirce says that those who approach the securities watchdog with their concerns more often fail to get the response that they need. “Productive interactions with the SEC are fewer and further between than they were […]
The post Hester Peirce Slams SEC, Says Productive Interactions Between Regulator and Public ‘Few and Far Between’ appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SEC’s current approach toward crypto […]
U.S. Securities and Exchange Commission (SEC) official Hester Peirce sees the delayed approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) as “squandered time.” In a new interview with Natalie Brunell, Peirce, one of the SEC’s five appointed commissioners, says the regulator should reflect on what she argues were errors in the approval process. “This […]
The post ‘Fear of the Unknown’ Caused SEC To Delay Bitcoin ETF Approvals, Says Commissioner Hester Peirce appeared first on The Daily Hodl.
