#SEC #Commissioner #Hester #Peirce calls on altcoin projects operating in the #DeFi field. Hester Peirce points out that these cryptocurrency projects should "come and talk" with the regulator.
🚨Hester Peirce: These altcoin projects should come and talk to the SEC!🚨
There are many #unanswered #questions about how decentralized finance ( #DeFi) projects should be organized. In this environment, US Securities and Exchange Commissioner Hester Peirce tried to further clarify the matter in an interview with Forbes on March 29. Known as the "Crypto Mother," Hester Peirce admits that defining certain rules is "difficult" for DeFi due to the diversity of the ecosystem. That's why Hester Peirce advises various altcoin projects to reach the SEC :
↪️ESPECIALLY IN THE DEFI ENVIRONMENT THIS IS VERY DIFFICULT, BECAUSE THERE IS A LOT OF VARIETY…. THAT'S WHY I ENCOURAGE INDIVIDUAL PROJECTS TO COME AND TALK TO THE SEC. BECAUSE IT REALLY REQUIRES A GLIMPSE OF VERY SPECIFIC FACTS AND CIRCUMSTANCES.
Hester Peirce adds that the SEC needs to provide more clarity on whether cryptocurrencies associated with certain projects will be considered "securities".
🚨Giant Bitcoin, Ethereum, Cardano and Altcoin Predictions from Many Predictive Analysts🚨
Hester Peirce: SEC is late on a Bitcoin ETF!
In an interview, Hester Peirce reiterated the view that the SEC is overdue to approve a Bitcoin exchange-traded fund (ETF). Hester Peirce said on the subject:
↪️MY OPINION IS THAT WE ARE LATE IN APPROVING ONE OF THESE.
While the market awaits crypto enthusiast Garry Gensler to be approved as the next SEC chief, Hester Peirce believes it makes sense to “ rule the expectations”. Hester Peirce said on the subject:
IT WILL HAVE A VERY BUSY AGENDA, MOST OF THEM WILL HAVE NOTHING TO DO WITH CRYPTOCURRENCIES. SO IT'S IMPORTANT TO MANAGE EXPECTATIONS A LITTLE BIT