In a notable step before her departure from the U.S. Securities and Exchange Commission (SEC), Commissioner Hester Peirce, known in the crypto community as "Crypto Mom", issued a public apology to the digital sector, acknowledging that the agency overstepped its interventions and failed to communicate with the cryptocurrency and NFT sectors adequately.
During a speech she gave at one of the dinner events on the sidelines of a specialized conference, Peirce spoke in a cheerful spirit about her plans after retirement, mentioning her old hobby of beekeeping despite her limited experience in it. She then made a joke about the possibility of operating a trading platform 'using just a shirt', in a sarcastic reference to the former chairman Gary Gensler's policies, who was accused of trying to 'twist the laws' to tighten regulations on crypto.
But the biggest surprise was her announcement of launching her first personal NFT project called 'CryptoMom', which includes 18 non-fungible tokens inspired by real-life characters she met during her career in the sector.
At the end of her speech, Peirce expressed her regret for not being able to convince her colleagues during her time at the SEC to open up more space for innovation in digital assets. However, at the same time, she encouraged the community to invest in the clarity of current laws to innovate useful solutions and prove the value of privacy technologies and decentralized interaction.
Observers believe that Peirce's apology and her recent initiative reflect deeper challenges faced by the regulatory institution itself. The SEC has played contradictory roles over the past years: from a continuous delay in approving Bitcoin exchange-traded funds to forming special task forces for crypto, to pursuing some NFT projects while simultaneously issuing partial exemptions.
The biggest dilemma remains: how can we reconcile rapid innovation with strict regulation? According to Peirce's vision, regulation should not turn into constraints that stifle creativity but rather serve as a foundation that reinforces trust. Through continuous dialogue and responsible experimentation, a safer and more prosperous digital financial system can be built.
This vision, as described by industry experts, could be the key to the maturity of the crypto industry and its real integration with the traditional financial system.
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