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SEC Commissioner Hester Pierce Optimistic Over Pro-Crypto Shift As Gensler Exits
The Securities and Exchange Commission (SEC) has been undergoing a significant shift in its stance on cryptocurrency. The agency’s Commissioner, Hester Pierce, expressed her optimism regarding this change as Chair Gary Gensler steps down in January.
In an interview with Coinage, Pierce discussed the ongoing transformation at the SEC. She described this period as one of “transition” and “optimism,” indicating a positive change is on the horizon for the crypto community.
The Commissioner emphasized that while there will be a time of uncertainty following Gensler’s departure, she believes the agency can take initial steps to make changes.
Commissioner Pierce also touched upon two key SEC decisions regarding crypto ETFs. She indicated that these changes are now more feasible due to the upcoming change in leadership. The proposed changes include enabling Ethereum ETFs to stake assets and allowing in-kind redemptions for crypto ETFs. This could potentially streamline the process, making it more efficient.
In addition, Pierce highlighted the potential for fairer regulations in the cryptocurrency space. She expressed her enthusiasm about working with Paul Atkins, a pro-crypto individual who previously served as Commissioner from 2002 to 2008.
When asked about what she would like to see accomplished by the end of 2025, Pierce shared her aspiration that individuals can focus on the potential benefits and applications of blockchain technology rather than spending time navigating regulatory hurdles.
Source: coinpedia.org
