According to Odaily, SEC Commissioner Hester Peirce, often referred to as "Crypto Mom," discussed "Operation Chokepoint 2.0" during an interview with Fox Business. She highlighted three key actions she believes are necessary under new SEC leadership following Trump's tenure to enhance clarity in the cryptocurrency industry.
Firstly, Peirce emphasized the need to halt government regulatory chokepoint activities. She suggested that the initial step should involve stopping efforts that hinder cryptocurrencies from accessing essential services, such as custody, which are crucial for their development. By removing these barriers, the industry can progress more effectively.
Secondly, Peirce called for a clear delineation of what falls outside the SEC's jurisdiction. She stressed the importance of identifying which activities do not constitute securities and which entities are not subject to the SEC's regulatory framework. This clarity would help reduce confusion and allow the industry to operate with a better understanding of regulatory boundaries.
Lastly, Peirce advocated for collaboration with entities involved in cryptocurrency to determine how existing rules apply and where adjustments are necessary. She emphasized that this should be a collective effort, conducted publicly, to ensure broad participation. Peirce expressed confidence that a good starting point could be reached relatively quickly through this collaborative approach.