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US SEC Commissioner Hester Pierce has recently delivered a speech on state regulation at the University Of Missouri School Of Law. While addressing the audience SEC Commissioner Pierce said that the delays in creation and enforcement of official regulation have helped the crypto industry to grow and develop in an independent manner.

What did SEC Commissioner Peirce say about Delay in Crypto Laws?

Hester Pierce, who is also called “Crypto Mom”, said:

“We might be able to draw clearer lines once we see more blockchain projects mature… delay in drawing clear lines may actually allow more freedom for the technology to come into its own.”

Pierce acknowledged the fact that creating laws and regulations for a new industry generally takes a longer period of time. However, she also defended the time taken for creating such regulations. Pierce believes that it is better for a new industry to grow independently without any regulations rather than moving forward by creating laws and regulations hastily.

sec commissioner peirce crypto

She is of the opinion that such hastily created regulations potentially harm the industry. The US SEC Commissioner, who is known as a pro-crypto face in the US Securities and Exchange Commission, categorically said:

“If we act appropriately, we can enable innovation on this new frontier to proceed without compromising the objectives of our securities laws— protecting investors, facilitating capital formation, and ensuring fair, orderly, and efficient markets”

Conclusion

“Crypto Mom” Peirce has also suggested that in some areas there might be over-regulation in the crypto industry. She went on to say that some of the existing securities laws make the cryptocurrency companies unworkable.

US SEC Commissioner Pierce also acknowledged the fact that the attitude of the US government hasn’t always been favorable or healthy towards cryptocurrencies. She also added that the cryptocurrency industry has indeed benefitted from the non-action of the US government on crypto adoption. It has indeed provided the concerned industry enough freedom to grow as well as develop independently.

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