In the wake of Donald Trump’s inauguration as the President of the United States, crypto regulation in the region has taken a new turn.
More notable is the change that has taken place within the Securities and Exchange Commission (SEC).
Mark Uyeda was appointed interim chair of the commission and brought some remarkable policy changes to the agency quickly.
Hester Peirce Statement on Enforcement Shifts
Under Gary Gensler’s administration, the SEC wielded a regulation-by-enforcement approach to set crypto firms on the supposed right path.
Digital asset services providers like Coinbase, Binance, and Kraken suffered severely from this approach.
While the crypto sector understood the need for regulation, the SEC’s strategy was intensely frowned upon.
Hester Peirce, an American lawyer and Commissioner with the SEC categorized shared a statement on the regulators’ new direction.
In her words, enforcement is an important tool for the SEC but also noted that it is not th
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