{"id":28181,"date":"2020-09-04T11:12:49","date_gmt":"2020-09-04T08:12:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28181"},"modified":"2025-08-27T10:11:42","modified_gmt":"2025-08-27T07:11:42","slug":"sec-commissioner-hester-peirce-regulators-should-take-a-sterner-line-with-the-defi-sector","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-commissioner-hester-peirce-regulators-should-take-a-sterner-line-with-the-defi-sector\/","title":{"rendered":"SEC Commissioner Hester Peirce: Regulators should take a sterner line with the DeFi sector"},"content":{"rendered":"

Known for her generally friendly stance toward digital assets, SEC Commissioner Hester Peirce, in an interview with DeCrypt<\/a>, said there is a need to show less leniency in regulating the decentralised finance sector.<\/p>\n

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\u201c[Decentralised finance] will force the SEC to sit down and ask some fundamental questions about regulation,\u201d she explained.<\/p>\n<\/blockquote>\n

The non-custodial lending protocols, synthetic equities and the DEX sector have moved toward active decentralisation. Lawyers say it could involve the distribution of securities, which falls within the SEC\u2019s remit.<\/p>\n

Peirce, in the interview, explained the regulator’s role in a new environment consisting of thousands of anonymous users.<\/p>\n

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\u201cThe goal of DeFi, as I understand it, is to remove intermediaries and allow people to interact directly with one another. And, as a rule, the supervision of the financial system is structured to regulate intermediaries,\u201d she clarified.<\/p>\n<\/blockquote>\n

In August, the Senate approved<\/a> Peirce as a special SEC appointee for a second term until 5 June 2025.<\/p>\n

Known as the ‘crypto mom’, the commissioner intends to alter the existing rules. In her view, they should ease Americans’ access to regulated crypto markets and help companies raise financing.<\/p>\n

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\u201cMy top priority is to enable citizens to participate in mutually beneficial transactions, provided that no one is defrauded,\u201d she said.<\/p>\n<\/blockquote>\n

One of Peirce’s priorities is to introduce three-year regulatory holidays from the token sale. In her view, this period should be sufficient for startups to develop their decentralised networks and communities, without being distracted by regulatory issues.<\/p>\n

In an interview with the ‘Crypto Mom’ publication, she admitted she harbours doubts about persuading other commissioners to back this initiative.<\/p>\n

Earlier in July, Hester Peirce criticised her colleagues’ actions regarding the Telegram token sale.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Known for her friendly stance toward digital assets, SEC Commissioner Hester Peirce told DeCrypt that regulators should show less leniency in regulating the DeFi sector.<\/p>\n","protected":false},"author":1,"featured_media":28182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1311,1138,36],"class_list":["post-28181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-hester-peirce","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28181"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28181\/revisions"}],"predecessor-version":[{"id":28183,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28181\/revisions\/28183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28182"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}