Hester Pierce: SEC's controversial position only hurts

The lack of an unambiguous position in the regulation of the crypto industry is harmful to American citizens. This was stated by the commissioner of the department, Hester Pierce.

What else did she say

The specialist noted that the department's approach to bitcoin-ETFs does not correspond when compared with the regulator's decisions on other products.

She stated that there are spot sites in other states. They have been approved for a long time. However, the demand for them is enormous. She believes that the agency can use the futures explanation for such ETFs.

Pierce argues that this ambiguity makes crypto companies and crypto projects waste extra time to assess how appropriate it is to leave the country. They can also think about whether to comply with the requirements or completely close down.

The Commissioner also noted that she does not consider it appropriate to use such ambiguity in regulation. After all, this does not correspond to the interests of US citizens. Therefore, she suggests to clarify at least some.

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