Commissioners Peirce and Uyeda criticize SEC’s approach to crypto after ShapeShift case
The Securities and Exchange Commission (SEC) recently initiated an enforcement action against the cryptocurrency firm ShapeShift, accusing it of operating as an unregistered securities dealer. This move is part of the SEC’s application of the Howey Test, a method derived from a 1946 Supreme Court case used to determine whether an asset qualifies as a […]
Hester Peirce challenges SEC’s harsh fine on BarnBridge DAO
The U.S. Securities and Exchange Commission’s (SEC) decision to impose a $1.7 million fine on BarnBridge DAO and its founders for failing to register their SMART Yield bond offerings has sparked a notable dissent from within the agency. SEC Commissioner Hester Peirce, known in the cryptocurrency community as ‘Crypto mom,’ has openly criticized the decision, […]
SEC Commissioner Hester Peirce calls for urgent reform in the crypto sector
Hester Peirce, a Republican Commissioner at the Securities and Exchange Commission (SEC), voiced concerns over the SEC’s approach to regulating the cryptocurrency industry. This commentary comes against the backdrop of the SEC’s ongoing efforts to establish a regulatory framework for digital assets. The LBRY case: A reflection on regulatory challenges Peirce highlighted the SEC’s lawsuit […]
SEC’s Peirce voices support for Bitcoin ETF approval
Amidst intensifying anticipation within the cryptocurrency community, SEC Commissioner Hester Peirce openly endorsed the approval of a bitcoin exchange-traded fund (ETF) during a recent CNBC interview. Her stance, favoring the authorization of a bitcoin ETF, starkly contrasts the Securities and Exchange Commission’s prolonged hesitancy, adding an intriguing twist to the ongoing debate. Peirce’s advocacy for […]
SEC Chair Gensler faces possible dismissal as crypto-friendly Rep. Davidson takes action
SEC Chair Gary Gensler’s position could be on the line as US Representative Warren Davidson announced his plan to introduce legislation removing the SEC chief from his role. On April 15, Davidson tweeted his intentions in response to Coinbase’s legal chief, Paul Grewal, following the SEC’s recent announcement about revisiting the proposed redefinition of an […]
