- The SEC is reassessing past crypto enforcement actions under the Trump administration.
- Hester Peirce advocates for a balanced regulatory framework to foster crypto innovation.
Under the leadership of SEC Chair Gary Gensler and President Joe Biden, the crypto industry faced intense scrutiny, legal battles, and regulatory hurdles.
However, with Donald Trump standing as the 47th U.S. president, a pro-crypto shift appears to be underway, bringing renewed optimism to the sector.
In a sign of changing tides, SEC Commissioner Hester Peirce has revealed that the agency is reassessing its past enforcement actions against crypto firms.
Hester Peirce to revamp the SEC’s anti-crypto approach
Remarking on the same, during a “Bloomberg Crypto” TV interview, Peirce said,
“During the past several years, enforcement cases have been used as a way to make regulatory policy; that is very atypical. We’re trying to get back to a path where we’re really using our other tools to make policy.”
In fact, commissioner Hester Peirce had also outlined her
