The American Securities and Exchange (SEC) commission probably does not have competence on many same flooding the cryptography market, said the SEC commissioner Hester Peirce during an interview on Tuesday with Bloomberg.
“We must always examine the facts and the circumstances, but many of the same people who are there probably have no house in the dry under our current set of regulations,” said Peirce. “If this is something that Congress wants to approach, they can do it. It may be something that the [Commodity Futures Trading Commission] wants to address. But many of them, I think, are probably not in our jurisdiction. »»
Same, unlike cryptocurrencies like Bitcoin and Ether, have no inherent value. For years, many in the industry have pushed them back as titles, arguing that they are more like digital babies or baseball cards than investment contracts.
The position of the hands of Peirce is a marked discrepancy of the dry approach to cryptographic regulations under the former president Gary Gensler, who frequently said that all the cryptographic tokens apart from Bitcoin were titles. One day after Gensler resigned, the acting president Mark Uyeda announced the formation of a new working group in crypto, led by Peirce, promising a regulatory clarity for the cryptographic industry and signaling a gap of the so-called “Application regulations” practiced by Gensler.
Last week, Peirce presented a roadmap for the main priorities of the Crypto Task Force, in particular by solving the long -standing question of what makes a cryptographic asset a security against a commodity and by creating a more viable path towards recording by modifying the existing paths of the dry. In the same declaration, Peirce previewed his position towards Memecoins, writing:
“If people want to buy a token or a product that does not have a clear long -term value proposal, they should feel free but should not be surprised one day if the price drops. In this country, people generally have the right to make decisions for themselves, but the counterpart of this wonderful American freedom is the American expectation just as wonderful as people must decide by doing, nor to replenish them when they do something that goes wrong. »»
Read more: the SEC Commissioner, Hester Peirce, explains 10 priorities for the new working group on cryptography
