Hester Peirce, the commissioner of the Securities and the Stock Exchange Commission (SEC), said that many breast Coins, which are currently in circulation, may not comply with the regulatory framework of SEC. Peirce’s comments came at a time when the interest for these subcoins increased. This is partly due to the release of President Donald Trump’s official breast Coin Trump.
Hester Peirce clarified the breast coin arrangement
In an interview with Bloomberg, Peirce discussed concerns about the regulatory framework of breast coins. When asked whether the release of breast coins by the President and First Lady was asked whether the release of breast coins is difficult to make the role of SEC difficult, Peirce emphasized the current limitations of the agency.
Explaining that SEC evaluates various token categories, Peirce stressed that breast coins increased rapidly. In this context, “Facts and conditions are important. We always have to look at the facts and conditions, but within the scope of our current arrangements, there are probably many breast coins in the SEC who do not have a house. ” In addition, Peirce suggested that the issue of jurisdiction may require other organizations to take action. He pointed to the Congress or the Commodity Futures Trade Commission (CFTC).
SEC commissioner’s view of the crypto market
ETF Store’s president Nate Geraci reiterated Peirce’s views. “These subcoins (breast coins) are more like collection products, Imo,” Geraci X wrote in X. Kriptokoin.comAs you followed, Peirce was recently appointed to lead SEC’s new crypto task force. Although he was called “crypto mother ,, he made it clear that he did not see himself as an advocate of the sector. In this respect, Peirce said, orum I do not define myself as a defender of the sector. I am a maximalist of freedom, ”he said
Peirce also expressed the disappointment of SEC’s approach to crypto, criticizing the use of the regulation to prevent innovation. He drew attention to the flexible regulatory framework of the agency. Nevertheless, the SEC commissioner said that he created barricades for those who try to establish a relationship with SEC. Peirce called for an innovation policy that supports experimentation and new ideas. In addition, Peirce said that it should be valid not only for crypto but also for other sectors. He stressed that the government should serve the American people and not to prevent their efforts to innovate.
BREAST COIN MARKET IS LOSE LOSS
Meanwhile, the breast coin market declined. During the article, the total breast coin market capitalization was $ 75.6 billion. This reflects a decrease of 1 %for these subcoins in the last 24 hours.
Top 10 breast coin market performance. Source: coingeckoPudgy Penguins (Pengu) and Dogwifhat (WIF) lead the lead, while the first 10 breast coins recorded lost. Not that much. Famous breast coins also seen significant decreases. According to experts, this is because investors seem to shift their attention to projects with concrete real world value.
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