SEC Commissioner Hester Peirce, famously known as 'Crypto Mom,' recently shared her views with Bloomberg on meme coins and their place in the regulation of the cryptocurrency sphere.
Meme Coins and the SEC
Hester Peirce noted that many existing meme coins do not fall under the SEC's jurisdiction. She stated that 'facts and circumstances matter,' emphasizing the need to consider the specifics of each case.
Role of Congress and CFTC
Peirce urged Congress and the Commodity Futures Trading Commission (CFTC) to address the regulation of meme coins. It was earlier reported that the odds of a Dogecoin ETF approval are 75% due to its perception as a commodity.
Hester Peirce's Regulatory Stance
Peirce also emphasized being a 'freedom maximalist,' criticizing previous SEC leadership for setting up roadblocks for the industry. She described this approach as 'extremely frustrating,' urging for a policy that allows innovation and new experiments.
SEC's Hester Peirce advocates for clearer and innovative rules for the cryptocurrency industry, stressing the need for harmonious growth and regulation.
