SEC becomes more friendly towards Crypto, wants to move faster in legislation

Hester Peirce, SEC Commissioner and known by the nickname "Crypto Mom", stated that the U.S. Securities and Exchange Commission (#SEC ) currently has a more friendly stance towards crypto and wishes to expedite the establishment of clear regulations for this industry.

Change of Perspective and Apology for Old Stance

Ms. Peirce has publicly apologized for the SEC's previous hardline position, acknowledging that she had previously failed to convince others in the agency to give crypto a fair chance. This new perspective marks a significant shift from the time of former Chairman Gary Gensler, who often prioritized enforcement measures to regulate the digital asset market.

New Move Under New Leadership

This change is occurring under President Trump and the new SEC Chairman #PaulAtkins . The SEC has taken specific steps to improve the legal environment for crypto:

Establishing a Crypto Task Force.

Withdrawing several lawsuits against crypto companies.

Launching Project Crypto to update existing regulations to be more aligned with digital assets.

These actions indicate that the SEC is moving towards a more constructive and clear approach to regulating the crypto market, facilitating innovation and development. #anh_ba_cong