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“‘Crypto Mom’ Peirce Weighs In on Meme Coins
Commissioner Hester Peirce, commonly known as ‘Crypto Mom’ for her pro-crypto stance and friendly demeanor towards the industry, has weighed in on meme coins. During a recent interview, she expressed her support for regulatory clarity and encouraged innovation in the space.
Peirce stated that she was a “freedom maximalist,” emphasizing the need for regulators to create an environment that fosters innovation and growth. She criticized the previous SEC leadership for putting up roadblocks for industry players who were trying to engage with the agency, calling it “extremely frustrating.”
As part of her efforts to promote innovation and regulatory clarity, Peirce has spearheaded a newly established cryptocurrency industry task force aimed at creating clear rules of the road for the industry. This move comes as a welcome relief for many in the space who have been critical of the SEC’s overly restrictive approach.
The interview also touched on meme coins, with Peirce expressing her support for their potential to drive innovation and democratize access to financial services. She emphasized the importance of regulatory clarity and enforcement, stating that “all I’m asking is that we have an innovation policy that allows people to innovate and that allows people to try new things.”
Peirce’s comments come as a positive sign for meme coin enthusiasts, who have been waiting for regulatory clarity on these assets. Her stance highlights the need for regulators to take a more inclusive approach, allowing innovative projects to thrive.
The odds of a Dogecoin ETF being approved this year now stand at an impressive 75%, thanks to Peirce’s efforts. As reported by U.Today, it seems that the largest meme coin is likely viewed as a commodity, which may increase its chances of approval.”
Source: u.today
