SEC’s Hester Peirce Says Regulation Will Happen a Lot Quicker
2022.05.25 19:36
SEC’s Hester Peirce Says Regulation Will Happen a Lot Quicker
- CNBC attended a recent crypto conference held in DC.
- A journalist from CNBC sat down with Hester Peirce from the SEC.
- Peirce shared her concern about how regulators have “dropped the regulatory ball”.
CNBC recently attended a crypto conference in DC. At the conference, a journalist from CNBC sat down with the U.S. Securities and Exchange Commission’s (SEC) Hester Peirce to get her reaction on Terra Luna’s (UST) recent crash and whether or not the tragic event has pressured regulators to clamp down on the industry.
Peirce did say that crypto regulation will happen a lot sooner following the crash. According to her, it will be important for regulators to aim for responsible regulation, stating that regulators should try to form good working relationships with crypto innovators. She believes that regulation does not restrict the level of innovation in the crypto space should be strived for.
She stated that
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