news 
SEC Commissioner Hester Pierce Optimistic Over Pro-Crypto Shift As Gensler Exits
As the Securities and Exchange Commission (SEC) prepares for Gary Gensler’s departure, the crypto community is eagerly anticipating a pro-crypto shift. And it seems that SEC Commissioner Hester Pierce shares this optimism, as she expressed her enthusiasm about revising previous crypto-related decisions.
During an interview with Coinage, Commissioner Pierce emphasized that “it’s a time of transition” and “optimism,” indicating a significant change in the regulatory landscape.
The commissioner acknowledged that the period will be marked by uncertainty due to Chair Gensler’s impending departure on January 20. Nevertheless, she mentioned that certain processes can begin immediately to create changes.
Pierce also touched upon revisiting two crucial SEC decisions regarding crypto ETFs (Exchange-Traded Funds). She hinted at the possibility of allowing in-kind redemptions and enabling Ethereum ETFs to stake assets.
Allowing in-kind redemptions could streamline the process by eliminating unnecessary conversions to cash, resulting in increased efficiency. Meanwhile, permitting staking for Ethereum ETFs would provide additional yield options.
Pierce believes that these changes are more likely with a pro-crypto majority, which she expects after Chair Gensler’s departure.
In this new era of crypto regulation, Commissioner Pierce expressed her excitement about the prospect of fairer and more favorable regulations, emphasizing the need for clear guidelines and compliance. She even looked forward to collaborating again with Paul Atkins, who served as a commissioner from 2002 to 2008.
Pierce’s remarks hint at the potential for a significant transformation in crypto regulations. The community can only hope that her statements become reality and pave the way for more innovation and growth within the decentralized world.
Source: coinpedia.org
