Commissioner Peirce on the SEC’s ‘unimaginative’ approach to regulation

By Davis Quinton and Frank Chaparro. February 20, 2023. (The Block).

SEC Commissioner Hester Peirce opposes her agency’s recent targeting of Kraken’s staking program in the US. 

“If investor protection is about just shutting programs down or preventing people from purchasing certain things — that’s a very unimaginative form of investor protection,” Commissioner Peirce said.

In this episode, Commissioner Hester Peirce discusses how the SEC’s recent enforcement action towards Kraken is emblematic of the agency’s broader attempt to regulate the crypto industry in the US through enforcement actions.

Read the full article here.

Since Chairman Patrick McHenry threatened to SUBPOENA Gary Gensler for NON-COMPLIANCE with Congressional oversight.