By Michael McSweeney – March 21, 2021. (The Block)
SEC commissioner Hester Peirce remarked during a virtual conference appearance last week that “evidence-based rulemaking is not yet the norm in crypto-regulation” as part of a wider exploration of the topic.
Peirce spoke on March 15 during an event organized by the British Blockchain Association. According to a transcript of her speech, Peirce once again outlined an expansive and positive viewpoint on cryptocurrencies, noting in her speech authorities perhaps spend too much time focusing on the “illicit” use of the technology compared to its potential benefits.
“Perhaps, government officials should pause to consider the flip side of crypto—its value in protecting people from illicit activity,” Peirce said. “Because of its ability to reach people without intermediaries and its ease of storage, transport, and access, crypto can be an important part of the survival story of people living under the threat of harm by their families, people in their communities, or repressive governments.”