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SEC Commissioner Hester Peirce calls for accelerating the transformation of encryption regulation.
[SEC Commissioner Hester Peirce Calls for Accelerating Crypto Regulatory Transformation] Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC) and nicknamed "Crypto Mom," stated at a Coin Center dinner that regulatory agencies have entered a new phase that is more friendly to Crypto Assets and apologized for their overly harsh practices in the past. She called for the industry to be developed quickly and mentioned that the SEC established a special task force for encryption in the past year, dismissed multiple cases, and launched "Project Crypto" to update relevant rules. Peirce humorously proposed the issuance of an NFT series named "Dog's Breakfast" in her speech, satirizing and portraying the different roles within the crypto circle.