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Who is responsible for regulating America’s ‘infant’ crypto industry
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In a recent interview with Bloomberg, U.S. Securities and Exchange Commissioner Hester Peirce discussed the heated regulatory environment in the country. Peirce, who is affectionately referred to as “Crypto Mom,” said that the crypto market is in its early stages,
“I think my child is still an infant.”
However, she argued that she’s “much more of a free-range mother” than the SEC chair Gary Gensler.
In the context of the introducing a new regulator to supervise digital assets, she said,
“Personally, I don’t think that’s necessary.”
Earlier in October, Coinbase had proposed a set of regulatory guidelines as part of its Digital Asset Policy Proposal (dApp). One of the recommendations was the need for a “single regulator.” It had argued that it
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