The Commissioner of the Commission for Securities and Exchange (SEC), Hester Peirce, said that many coins under traffic may not hold in the regulatory framework of the SEC.
His comments come in increased interest in coins. This is partially fed by the launch of President Donald Trump’s official memes play, Trump.
Hester Peirce clarifies the regulation of the part even
In an interview with Bloomberg, Peirce responded to concerns about regulations Frame for coins. When asked if the launch of coins by prominent figures, such as the President and First Ladycomplicates the role of the dry, Peirce highlighted the existing limits of the agency.
She explained that the dry assesses various categories of tokens, highlighting the rapid proliferation of the parts even.
“The facts and circumstances are important. We must always examine the facts and circumstances, but many rooms even there are probably no house in the dry under our current set of regulations ”, it declared.
Peirce suggested that the jurisdictional question may require measures from other entities. On this subject, she underlined the congress or the goods Future Commercial Commission (CFTC).
Nate Geraci, president of the ETF store, echoes the feeling of Peirce.
“The coins (are) more similar to collectibles, the omi”, Geraci poster On X (formerly Twitter).
Peirce was recently appointed to direct the The new working group on the dry crypto. Although he was nicknamed “Crypto Mom”, she clearly indicated that she does not consider herself a defender of the industry.
“I do not describe myself as a defender of the industry. I am a maximalist of freedom, ”said Peirce.
She also expressed her frustration at the approach of the dry in terms of crypto, criticizing the use of regulations to hinder innovation. She drew attention to the agency’s flexible regulatory framework. However, the SEC commissioner noted that he had created roadblocks for those who try to engage with the dry.
She called for an innovation policy that supports experimentation and new ideas. That, noted Peirce, should apply not only to the crypto but also to other sectors. She stressed that the government should serve the American people, and not stifle their efforts to innovate.
Meanwhile, the same piece The market made a dive. At the time of the drafting of this document, the total market capitalization of the pieces even amounted to $ 75.6 billion. This reflected a drop of 1% in the last 24 hours.
![Pary of Peirce](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-12-at-11.49.24 AM.png)
Every 10 best coins recorded, with Fatty penguins (pingou) And Dogwifhat (WIF) Conduct the slowdown.
That’s not all. In a previous report, Beincryptto stressed that the same celebrity pieces have seen notable drops. This is because investors seem to move their attention to projects with Tangible real value.
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